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

US EUROPE AFRICA ASIA 中文
Business / Markets

A step forward to marketize yuan's exchange rate

By Li Yang (chinadaily.com.cn) Updated: 2014-03-18 21:14

The People's Bank of China's third adjustment of the yuan's daily trading range is in line with the direction of China's market reform, according to an article by China Business News. Some excerpts:

PBOC said on March 15 that renminbi's exchange rate against the US dollar will be allowed to rise or fall 2 percent from a daily midpoint rate it sets each morning. The change was in place from March 17.

This is the third time for China's central bank to enlarge yuan's daily trading range since 2005, another stride for China to marketize its currency's exchange rate.

PBOC enlarged the range from 0.3 percent to 0.5 percent in May 2005, and to 1 percent in April 2012.

Exchange rate is an important factor influencing the allocation of foreign and domestic resources. Enlarging the floating range of yuan's exchange rate can effectively boost the flexibility of renminbi's exchange rate, optimize the distribution efficiency of capitals, and play up the market's roles.

But the limited scope of the change shows the central bank is considerably prudent. Analysts predicted the change would be 2.5 percent to 3 percent. The final decision on 2 percent indicates the central bank intended to carry out the reform step by step.

As the central bank explained: "The adjustment gives a full consideration to the adaptive capacity of the Chinese economy, and the change falls in the tolerable scope of various main market players."

This is also a style that the market is familiar with. The formation mechanism of renminbi should be reformed step by step in a controllable way.

The condition of a nation's current account is an important criterion for judging whether its currency's exchange rates are reasonable. Zhou Xiaochuan, governor of PBOC, revealed recently that reforms of the exchange rate, foreign exchange administration and other areas should be carried out now. It seems China's central bank has already seen now as an opportunity to promote exchange rate reform.

Renminbi has continuously appreciated against the US dollar for years. After China deepens its market reform of yuan's exchange rate, renminbi will fluctuate with increasing volatility against the greenbacks.

PBOC will reduce its intervention with the exchange rate. China is moving closer to its target of building a managed floating exchange rate mechanism based on market supply and demand.

China should do more than the adjustment. The government should create better conditions and environment for the development of risk management, risk hedging and investment products, improve the market-maker system, further develop the foreign exchange market and financial products of foreign exchange, and help import and export enterprises and cross-border investment agencies to hedge the exchange rate risk and interest rate risk.

Hot Topics

Editor's Picks
...
...
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

    日韩久久久精品| 欧美国产精品劲爆| 久久精品国产澳门| 久久只精品国产| 国产高清在线观看免费不卡| 欧美激情综合在线| 91小视频在线免费看| 亚洲一区二区三区影院| 91麻豆精品国产91久久久资源速度 | 国产一区二区精品久久| 国产精品色一区二区三区| 99riav久久精品riav| 亚洲一区影音先锋| 欧美一区二区三区四区高清| 国产一区二区三区在线观看精品 | 波多野结衣在线一区| 亚洲精品乱码久久久久久| 欧美精选在线播放| 国产精品88av| 亚洲精品菠萝久久久久久久| 在线电影院国产精品| 国产一区二区三区不卡在线观看| 国产精品久久久久永久免费观看| 欧美网站大全在线观看| 国产综合一区二区| 亚洲女女做受ⅹxx高潮| 日韩一区二区三区免费看| 成人高清视频免费观看| 午夜精品成人在线视频| 久久久不卡网国产精品一区| 在线一区二区三区| 看电视剧不卡顿的网站| 亚洲视频在线观看三级| 日韩一区二区免费视频| www.成人网.com| 奇米影视一区二区三区小说| 国产精品久久久久婷婷二区次| 欧美主播一区二区三区美女| 美女视频免费一区| 亚洲欧美二区三区| 精品av久久707| 在线日韩av片| 国产一区啦啦啦在线观看| 亚洲一区二区不卡免费| 国产日韩欧美一区二区三区综合| 在线观看视频91| 国产精品18久久久久久久久| 五月天亚洲精品| 国产精品久久久久久久浪潮网站| 6080午夜不卡| 91丨porny丨户外露出| 久久国产精品区| 一片黄亚洲嫩模| 欧美韩日一区二区三区四区| 欧美一级艳片视频免费观看| 一本久久a久久免费精品不卡| 国产麻豆午夜三级精品| 石原莉奈在线亚洲三区| 综合久久久久久久| wwwwxxxxx欧美| 欧美一区二区三区思思人| 91福利在线导航| 成人看片黄a免费看在线| 久久成人免费电影| 五月婷婷综合网| 亚洲美女偷拍久久| 国产精品久久久一本精品| 精品国产污污免费网站入口| 欧美高清你懂得| 91免费看`日韩一区二区| 国产成人免费网站| 国模娜娜一区二区三区| 日本美女视频一区二区| 亚洲成人av在线电影| 亚洲欧洲日产国码二区| 国产日韩精品一区| 精品久久五月天| 日韩写真欧美这视频| 欧美区一区二区三区| 欧美婷婷六月丁香综合色| 99天天综合性| 粉嫩蜜臀av国产精品网站| 国产一区二区精品久久| 久久国产视频网| 美女爽到高潮91| 免费看欧美美女黄的网站| 午夜视黄欧洲亚洲| 一区二区三区在线观看视频 | 亚洲摸摸操操av| 中文字幕一区二区三区av| 国产日韩精品视频一区| 2023国产精品| 久久综合久久综合亚洲| 精品国产免费人成电影在线观看四季 | 99国产精品一区| 成人免费看片app下载| 国产成人夜色高潮福利影视| 国产精品一卡二卡| 国产福利一区二区三区视频 | 国产精品网站在线播放| 国产欧美一区二区三区网站| 久久久国产精品午夜一区ai换脸| 久久久久久久久久久久电影| 久久综合九色综合97_久久久| 日韩欧美激情一区| 精品日韩99亚洲| 精品国产91乱码一区二区三区| 精品日韩欧美一区二区| 欧美大片一区二区| 久久综合久久综合久久综合| 久久精品一区二区三区不卡| 国产日韩欧美综合在线| 国产精品久线在线观看| 亚洲精品中文字幕乱码三区| 一区二区三区欧美视频| 偷窥国产亚洲免费视频| 美女网站色91| 国产九九视频一区二区三区| 成人a级免费电影| 一本色道久久综合狠狠躁的推荐| 在线观看网站黄不卡| 欧美区在线观看| 欧美mv和日韩mv国产网站| 久久女同性恋中文字幕| 国产精品狼人久久影院观看方式| 亚洲精品你懂的| 丝袜诱惑亚洲看片| 精品一区二区三区免费播放| 精品一区二区三区在线视频| 国产成a人亚洲| 91猫先生在线| 欧美日韩成人综合在线一区二区| 777午夜精品免费视频| 精品少妇一区二区| 国产欧美综合在线观看第十页| 国产精品国产精品国产专区不蜜| 亚洲精品伦理在线| 免费精品视频最新在线| 国产激情一区二区三区| 色94色欧美sute亚洲线路二| 在线不卡欧美精品一区二区三区| 精品久久久久久无| 成人欧美一区二区三区| 亚洲成人动漫在线免费观看| 激情综合网天天干| 白白色 亚洲乱淫| 欧美影院午夜播放| 久久在线免费观看| 亚洲色图色小说| 青青草成人在线观看| 丰满少妇在线播放bd日韩电影| 日本高清成人免费播放| 欧美一级片免费看| 中文字幕在线观看一区| 三级久久三级久久久| 国产精品一区二区三区99| 91成人免费电影| 2024国产精品| 一区二区免费在线| 精品亚洲成a人在线观看| 色婷婷精品久久二区二区蜜臂av| 日韩午夜精品电影| **性色生活片久久毛片| 免费观看30秒视频久久| 成年人国产精品| 日韩三级视频中文字幕| 国产精品久久福利| 麻豆精品一区二区av白丝在线| 不卡高清视频专区| 日韩美女主播在线视频一区二区三区| 国产精品午夜在线| 青青草一区二区三区| 色综合色综合色综合色综合色综合 | 免费精品视频在线| 91免费观看在线| 亚洲精品一线二线三线| 亚洲亚洲精品在线观看| 成人自拍视频在线观看| 91精品国产综合久久精品| 中文字幕制服丝袜一区二区三区 | 国产精品国产自产拍高清av王其 | 日韩高清欧美激情| 99国产精品一区| 久久久久久久网| 肉丝袜脚交视频一区二区| 99精品视频在线免费观看| 亚洲精品在线观看网站| 天堂蜜桃91精品| 一本久道中文字幕精品亚洲嫩| xfplay精品久久| 婷婷六月综合亚洲| 91免费视频网址| 久久久www成人免费毛片麻豆 | 91在线观看地址| 精品三级在线观看| 日韩va亚洲va欧美va久久| 色婷婷精品大视频在线蜜桃视频 | 日本一区二区免费在线 | 免费高清在线一区| 欧美在线视频全部完|