久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

Exchange rate rise aids yuan internationalization

By Chen Jia | China Daily | Updated: 2020-10-16 08:48
Share
Share - WeChat
The renminbi has strengthened by 3.3 percent against the US dollar so far since the end of last year. [Photo/Sipa]

The appreciation of the renminbi will further bolster the Chinese currency's internationalization and enable market forces to have a greater say in determining exchange rates and fend off wild swings, monetary authorities said on Thursday.

The renminbi has strengthened by 3.3 percent against the US dollar so far since the end of last year, based on the spot exchange rate at the close on Monday as a reference, when it peaked to 6.754 yuan per dollar in onshore trading.

However, an official of the People's Bank of China, the central bank, termed it a "moderate" yuan appreciation, when compared with other major international currencies such as the euro.

"It is normal for the yuan to appreciate, driven by market-oriented forces, or the demand-support relationship in the market," said Sun Guofeng, head of the monetary policy department of the PBOC, during a news conference on Wednesday.

According to Sun, market forces are a dominant factor in China's managed floating exchange rate regime.

Sun attributed the currency appreciation to the positive vibes about economic growth, a natural corollary of the robust market performance. However, measures are needed to curb speculative investment that may increase the leverage levels and cause currency fluctuations, he said.

"From an exchange rate perspective, in general, if the fluctuation is beneficial to one economy, at the same time, it is harmful to others. So the exchange rate should be determined by the market's supply-and-demand equilibrium, and act as an automatic stabilizer of the macroeconomy and the balance-of-payments situation," said Sun.

China has been able to contain the COVID-19 pandemic more swiftly than most countries. As a result, the nation's economy has been seeing a "V-shaped" recovery with exports showing strong growth in September, in line with the soaring current account surplus. These optimistic signals are reflected in the recent renminbi appreciation, experts said.

Stephen Chiu, a foreign exchange and rates strategist with Bloomberg Intelligence, said he believes that value investors, who believe the yuan may touch 6.6 per dollar, could utilize the window in the fourth quarter, as the rally seen since June may reverse temporarily.

"The yuan may test 6.8 per dollar thanks to the new foreign exchange forward policy and if history is repeated, it may lead to a possible broad dollar rebound by the end of the year," said Chiu.

Given the quick currency strengthening, since Monday, the PBOC removed its setting of an emergency fund introduced in 2015 to contain speculative selling of the renminbi via foreign exchange forward contracts. The reserve requirement, which was raised to 20 percent of the contracted volume in August 2018, has been scrapped at present.

The move indicates that monetary authorities might have wanted to slow the currency's rise, which obviously worked after the new policy took effect, experts said. It drove down the yuan by nearly 0.9 percent on Monday.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    999在线免费视频| 黄色一级视频片| 欧美 国产 综合| 中文字幕第17页| 免费无码不卡视频在线观看| 一起操在线视频| 男女视频网站在线观看| 99亚洲精品视频| 牛夜精品久久久久久久| 中文字幕 欧美日韩| 国产av麻豆mag剧集| www.色.com| 免费国产成人av| 霍思燕三级露全乳照| 超碰中文字幕在线观看| 欧美日韩怡红院| 欧美性久久久久| 成年人看的毛片| av久久久久久| 欧美日韩在线免费观看视频| 免费在线观看的毛片| 日本www在线视频| 精品国偷自产一区二区三区| av电影一区二区三区| 在线观看国产中文字幕| av网址在线观看免费| 一二三四视频社区在线| 三级在线免费观看| 老司机av福利| 91热视频在线观看| 亚洲欧美天堂在线| 污网站在线免费| 亚洲一级免费在线观看| www.欧美日本| 国产成人精品无码播放| 中国丰满人妻videoshd| 久久久久久久中文| 国产伦精品一区二区三区四区视频_ | 亚洲欧美日韩一二三区| 亚洲欧美国产日韩综合| 国产精品99久久免费黑人人妻| 国产中文字幕二区| 黄页免费在线观看视频| 国产婷婷一区二区三区| 国内精品在线观看视频| 我的公把我弄高潮了视频| av免费看网址| 欧美综合在线播放| 日日鲁鲁鲁夜夜爽爽狠狠视频97 | 奇米影视四色在线| 亚洲精品午夜在线观看| 色国产在线视频| 波多野结衣国产精品| 亚洲欧美日本一区二区| 自拍一级黄色片| 在线视频一二三区| 少妇大叫太大太粗太爽了a片小说| 成人小视频在线观看免费| 亚洲精品国产suv一区88| 少妇大叫太大太粗太爽了a片小说| 日韩极品视频在线观看| 国产成人无码精品久久久性色| 超碰网在线观看| 性欧美1819| 精品91一区二区三区| 4444亚洲人成无码网在线观看| 国产欧美久久久久| 欧美成人xxxxx| 色婷婷综合网站| 黄黄视频在线观看| 亚欧无线一线二线三线区别| 美女福利视频在线| 四季av一区二区三区| dy888午夜| 国产97在线 | 亚洲| 免费看污黄网站| 日韩精品第1页| 男人天堂999| 蜜桃福利午夜精品一区| 99久久99久久精品| 日本黄网站免费| 天天干天天曰天天操| 草b视频在线观看| jizz欧美激情18| 中国女人做爰视频| 任你操这里只有精品| 中文字幕第66页| 国产玉足脚交久久欧美| 妓院一钑片免看黄大片| a级黄色片网站| 久久久免费视频网站| 污污网站在线观看视频| 4444亚洲人成无码网在线观看| 丁香啪啪综合成人亚洲| 国产999免费视频| www.中文字幕在线| 特黄特黄一级片| 九九九九免费视频| 中文字幕黄色大片| www..com日韩| 久久免费视频2| 欧美成人黑人猛交| 91视频成人免费| 久久综合伊人77777麻豆最新章节| 欧美一级免费在线观看| 99久久久无码国产精品6| 国产又大又长又粗又黄| 国产精品亚洲a| 中文字幕の友人北条麻妃| 免费看a级黄色片| 人妻av无码专区| www.国产福利| 日韩毛片在线免费看| 久久久99精品视频| 成人性生交免费看| 干日本少妇首页| 成人在线视频一区二区三区| 一本岛在线视频| 国产精品沙发午睡系列| 中文字幕の友人北条麻妃| av网站在线不卡| 国产亚洲精品网站| 国产一二三区在线播放| 久久久国产精华液999999 | 国产精品波多野结衣| 日本www高清视频| 国产一二三在线视频| 欧美 日韩 国产 在线观看| 手机在线看福利| 能在线观看的av| 国产二区视频在线| 男人的天堂视频在线| 欧美成人手机在线视频| 无码内射中文字幕岛国片| 久草热视频在线观看| 菠萝蜜视频在线观看入口| 日本黄色播放器| 超碰成人在线播放| 超碰在线播放91| 麻豆av免费在线| 女人扒开屁股爽桶30分钟| 日韩欧美猛交xxxxx无码| 亚洲欧美一二三| 特级黄色录像片| 老司机av福利| 亚洲最新免费视频| 一级网站在线观看| 久久精品久久99| 在线观看日本一区二区| 亚洲综合色在线观看| 91淫黄看大片| 久久婷婷国产91天堂综合精品| 国产精品99久久免费黑人人妻| 久久久久久久久久久视频| 波多野结衣家庭教师在线| 欧美日韩在线一| 国产一区二区在线视频播放| 狠狠干 狠狠操| 久久黄色片视频| 116极品美女午夜一级| 一本大道熟女人妻中文字幕在线 | 97免费视频观看| 成人在线播放网址| 国产女主播自拍| 精品国产一二三四区| 欧美韩国日本在线| 国产a级片免费观看| 亚洲高清在线免费观看| 国产喷水theporn| 在线视频观看一区二区| 国产精品h视频| 大荫蒂性生交片| 97av视频在线观看| 手机在线免费观看毛片| 色呦色呦色精品| 国产欧美自拍视频| 加勒比成人在线| 91黄色小网站| 超碰人人草人人| 18视频在线观看娇喘| 欧美狂野激情性xxxx在线观| 国产成人无码精品久久久性色| 欧美伦理片在线看| 一区二区久久精品| 成人毛片100部免费看| 青青艹视频在线| 91看片在线免费观看| 日韩第一页在线观看| 妞干网在线视频观看| 好男人www社区| 国产精品久久成人免费观看| 国产精品www在线观看| av免费网站观看| 精品一区二区成人免费视频 | 999精彩视频| av不卡在线免费观看| 国产精品久久中文字幕| 九九热免费精品视频| 精品国产一区二区三区在线| heyzo国产|