'No timetable for RMB convertibility'

    (Xinhua)
    Updated: 2007-09-21 20:18

    HONG KONG -- China is committed to pushing forward its currency reform but has no timetable for the full convertibility of renminbi, said Zhou Xiaochuan, governor of the People's Bank of China, at a financial forum Friday.

    China is committed to reforming its financial sector step by step, the central bank chief said, adding that the Chinese government recognized that such reforms are helpful to the financial stability and the health of the Chinese economy.

    "Rivers will naturally come into being at places of abundant water," the central banker said, citing a saying in Chinese.

    China abandoned the policy of pegging the RMB to the US dollar at fixed rate in 2005 and started allowing the exchange rate of the currency to float within a limited range. The Chinese yuan has since accumulated an appreciation of about 10 percent.

    Answering questions at the Asian Financial Forum, Zhou also said China is "quite concerned about asset prices."

    In an effort to cool down consumer prices and the stocks market, the People's Bank of China announced an interest raise of 0.27 percent last week, which, coupled with the recent interest rate cut in the United States, has led to a widened gap.

    The gap, however, has "not much affected China's currency policy", partly because the RMB is not fully convertible.

    "We felt no pressure in this respect," Zhou said, adding that China will nevertheless monitor changes related to the US interest rates.



    Top China News  
    Today's Top News  
    Most Commented/Read Stories in 48 Hours
    亚洲日韩VA无码中文字幕| 久久无码精品一区二区三区| 特级小箩利无码毛片| 久久亚洲日韩看片无码| 亚洲中文字幕日产乱码高清app| 久久久久久久亚洲Av无码| 在线亚洲欧美中文精品| 中文最新版地址在线| 蜜芽亚洲av无码精品色午夜| 人妻系列AV无码专区| 最近中文字幕完整版资源| 中文字幕在线无码一区二区三区| 无码国内精品久久人妻蜜桃| 精品欧洲av无码一区二区14| 欧美日韩中文字幕久久久不卡| 夜夜精品无码一区二区三区| 国产V片在线播放免费无码| 色窝窝无码一区二区三区 | 免费a级毛片无码免费视频| 亚洲精品无码av人在线观看| 日本一区二区三区不卡视频中文字幕 | 6080YYY午夜理论片中无码| 人妻精品久久无码区| 亚洲AV无码精品色午夜果冻不卡| 亚洲中文字幕无码爆乳av中文| 痴汉中文字幕视频一区| 久久久久成人精品无码中文字幕| 亚洲无码黄色网址| 亚洲AV无码之日韩精品| 亚洲精品无码AV中文字幕电影网站| 日韩乱码人妻无码中文视频| 国产免费久久久久久无码| 97免费人妻无码视频| 惠民福利中文字幕人妻无码乱精品 | 日韩欧美中文亚洲高清在线| 亚洲午夜福利精品无码| 亚洲国产精品无码久久久久久曰 | 久久精品aⅴ无码中文字字幕不卡| 午夜无码视频一区二区三区| 亚洲中文字幕AV在天堂| 中文字幕AV中文字无码亚|