<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区
            Home>News Center>China
                 
           

          China hikes interest rate on US dollar deposits
          By Chuan Yu (China Daily)
          Updated: 2005-12-28 06:32

          China raised interest rates on US dollar and Hong Kong dollar deposits yesterday, a move that analysts say is a response to higher interest rates on the international market.

          The People's Bank of China, the central bank, raised the upper limit for rates on one-year US dollar deposits to 3 per cent from 2.5 per cent. The ceiling on one-year Hong Kong dollar deposits was increase by 25 basis points to 2.625 per cent.


          A clerk counts US dollar notes deposited by a customer at an office of the China Communications Bank in Haian, east China's Jiangsu Province December 28, 2005. [newsphoto]
          The adjustments become effective Wednesday.

          This is the fifth time the Chinese central bank has raised interest rates on key foreign currency deposits this year, following a similar but smoother upward curve of rates in the United States. The dollar rate ceiling was a much lower 0.875 per cent at the beginning of the year.

          "Looking at the whole year, the policy intention is quite clear," said Zhang Xuechun, a Beijing-based economist with the Asian Development Bank.

          Although China's monetary authorities do not give details about every policy move, Zhang said yesterday's hike was an effort to keep pace with the rate-hiking wave by the Federal Reserve in the United States. It would keep interest differentials from widening too much.

          The Federal Reserve raised its target for its federal funds rate by 25 basis points earlier this month to 4.25 per cent, the 13th rate hike since June last year.

          Zhang said another reason for the Chinese move was to encourage local residents to deposit more in foreign currencies instead of in the Chinese currency, the renminbi, to help reduce the upward pressure on the local currency.

          "After the exchange rate reform, interest rate policy must be more responsive to smoothen exchange rate fluctuations," Zhang said.

          China announced a long-awaited exchange rate reform in July 21, allowing the renminbi to appreciate by 2 per cent and linking the currency to a basket of foreign currencies instead of the US dollar alone.

          Expectations for further renminbi appreciation remain strong, as major trading partners keep pressing China for a stronger renminbi, which they believe is undervalued.

          The renminbi has been on an upward trend against the dollar since the reform, although movements in both directions are frequently recorded.

          (China Daily 12/28/2005 page10)



          President Hu meets with HK chief
          Armed police training in Xiamen
          Chagan Winter Fishing Festival
            Today's Top News     Top China News
           

          City dwellers expect pay rises, new jobs in 2006

           

             
           

          Hu pledges support for Hong Kong democracy

           

             
           

          Japan stance on Taiwan, history sours ties

           

             
           

          Spending on HIV/AIDS prevention set to double

           

             
           

          China hikes interest rate on US dollar deposits

           

             
           

          Ex-minister sentenced to life term for bribery

           

             
            Japan stance on Taiwan, history sours ties
             
            Girl survives 4-day ordeal in dirty ditch
             
            Killer of house seller receives death sentence
             
            Blast victims out of danger in Dujiangyan
             
            Fifty-two year old man undergoes transsexual operation
             
            Energy security situation complicated in China
             
           
            Go to Another Section  
           
           
            Story Tools  
             
            News Talk  
            It is time to prepare for Beijing - 2008  
          Manufacturers, Exporters, Wholesalers - Global trade starts here.
          Advertisement
                   
          主站蜘蛛池模板: 久久精品国产亚洲av高清蜜臀| 亚洲一区二区三区在线播放无码| 久久久久中文字幕精品视频| 国产午夜精品福利免费不| 成人3D动漫一区二区三区| 欧美另类精品一区二区三区| 青青草国产自产一区二区| 小嫩模无套内谢第一次| 色就色偷拍综合一二三区| 亚洲国产高清av网站| 久久久久久亚洲精品| 成年人尤物视频在线观看| 亚洲sm另类一区二区三区| 久久一级精品久熟女人妻| 久久综合狠狠综合久久| 99热亚洲人色精品国产88| 国产不卡精品视频男人的天堂| 成人拍拍拍无遮挡免费视频| 国产无遮挡又黄又爽不要vip软件 国产成人精品一区二区秒拍1o | 毛片网站在线观看| 国产精品午夜福利小视频| 亚洲成av人无码免费观看| 国产午夜精品久久精品电影| 呻吟国产av久久一区二区| 怡春院久久国语视频免费| 日日摸夜夜添狠狠添欧美| 国产精品99中文字幕| 亚洲欧美综合中文| 刺激第一页720lu久久| 大陆精大陆国产国语精品| 91九色国产porny| 午夜精品福利一区二区三| 人妻熟妇乱又伦精品无码专区| 久久精品国产高潮国产夫妻| 国产太嫩了在线观看| 成人自拍短视频午夜福利| mm1313亚洲国产精品| 国产亚洲精品超碰热| 国产三级精品三级在线专区1| 人妻在线中文字幕| 中文字幕日韩一区二区不卡|