Home>News Center>Bizchina
       
 

Yuan move won't alter US trade gap
(Agencies)
Updated: 2005-07-24 10:17

China's latest decision to cut its currency's link to the dollar will do little to narrow the huge U.S. trade deficit with China, the central bank chief predicted Saturday.


China's exchange rate reform is a 'slow business', central bank head Zhou Xiaochuan said on May 24, 2005. [AFP]
The remark came after American analysts said the shift — which could make Chinese exports more expensive — might help repair the growing U.S. trade imbalance with China, which hit a record-high $160 billion last year.

"China's exchange rate reform won't have too much influence on U.S. deficits," Zhou Xiaochuan, governor of the People's Bank of China, said at a conference of bankers.

It was his first public comment since the surprise announcement Thursday that the central bank was pushing the yuan up by 2.1 percent against the dollar and adopting a more flexible exchange rate system that could allow it to slowly rise further.

The decision to remove the peg to the dollar followed years of lobbying by the United States and other trading partners who maintained China's yuan was undervalued and gave the country's exporters an unfair price advantage.

But Zhou said China took the step to meet its own economic needs — not because of foreign pressure.
Page: 123



China scraps yuan peg to US dollar
Taiyuan explosion kills one, injures 33
Typhoon Haitang floods coastal areas
  Today's Top News     Top China News
 

Strange disease kills 17 in southwest Sichuan Province

 

   
 

Coal price likely to dip in second half

 

   
 

ROK, DPRK reach consensus on nuke talks

 

   
 

Taiwanese trips to mainland made easier

 

   
 

Yuan move won't alter US trade gap

 

   
 

China raises oil price after yuan revalued

 

   
  Five detained in mine blast that killed 83
   
  Soong pledges to promote cross-Strait peace
   
  Tourists from overseas flocking to south China
   
  Colliery gas poisoning kills four miners
   
  Rain cools down summer heat in Beijing
   
  Yuan move won't alter US trade gap
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 无码丰满少妇2在线观看| 国产亚洲成AV人片在线观看| 天天摸天天做天天爽天天弄| 成人性生交大片免费看| 我叫王筱惠第1部分阅读| 欧美日韩乱妇高清免费| 欧美丰满大乳大屁股流白浆| 日韩不卡手机视频在线观看| 岳在我胯下哭泣| 欧美jizz18性欧美| 无码午夜人妻一区二区不卡视频 | 亚洲乱码中文字幕综合| 午夜人屠h精品全集| 国产成人综合美国十次| 国产亚洲自拍一区| 人妻体体内射精一区二区| 久在线精品视频| www.日日干| 黑人粗长大战亚洲女2021国产精品成人免费视频 | 国产私拍福利精品视频推出| 精品视频第一页| 欧美日韩大片在线观看| 日产精品卡2卡三卡乱码网址| 处女的诱惑在线观看| 国产亚洲综合色就色| 亚洲精品国产成人| 久久久久久久蜜桃| 97人洗澡人人澡人人爽人人模| 青青草中文字幕| 毛片免费观看视频| 把胡萝卜立着自己坐上去| 国产精品女同一区二区| 再深点灬舒服灬太大了爽| 亚欧洲乱码专区视频| a级片在线观看视频| 艾粟粟小青年宾馆3p上下| 欧美另类第一页| 天天躁狠狠躁狠狠躁夜夜躁| 国产女18片毛片水真多| 亚洲日本黄色片| а√天堂资源8在线官网在线|