Home>News Center>China
           
     

    China says no timetable on yuan reform
    (Agencies)
    Updated: 2005-05-23 14:47

    Chinese Vice Premier Wu Yi said on Monday that China remains committed to reforming its currency but no timetable has been set for when the reform will take place.

    "We will not reform the yuan until the time is right even if there is external pressure," Wu told a conference in Tokyo, speaking through an interpreter. "As for when to reform the yuan, there is no timetable yet," she said when asked about Beijing's stance on widely awaited reforms in the yuan.

    China says 
 no 
 timetable on yuan reform
    Chinese Vice Premier Wu Yi speaks at the 11th International Conference on 'The Future of Asia' in Tokyo May 23, 2005. [Reuters]
    China has kept the yuan's value in a narrow band around 8.28 to the U.S. dollar since the 1997-98 Asian financial crisis.

    Critics say the rate gives Chinese exports an unfair competitive advantage, and Beijing is facing increasing pressure from the United States and other countries to allow it to appreciate.

    Washington, the most aggressive advocate of a more flexible yuan, has been urging China for two years to modify its pegged currency regime and has raised the threat of potential trade retaliation if it continues to delay.

    Wu, who is a member of the Communist Party's policy-making Politburo, said that given China's economic development, Beijing is fully committed to reforming its exchange rate regime regardless of external pressure.

    But she stressed that every country has the right to choose it own exchange rate regime as well as appropriate currency levels in line with its national interests.

    "We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions ... and we need to do it under tight control," she added.

    Wu said Beijing has been reforming state-owned banks, for instance, to make it easier for authorities to reform the yuan, as well as strengthening the banking sector by injecting capital.

    "Also, we need to realize risks involved in reforms of the foreign exchange rate regime."



     
      Today's Top News     Top China News
     

    Vice Premier Wu Yi cancels meeting with Koizumi

     

       
     

    Local textile sales will offset export curbs

     

       
     

    China ready to counter US space plans

     

       
     

    China says no timetable on yuan reform

     

       
     

    Poultry gets bird flu vaccine in Qinghai

     

       
     

    Researchers reach top of the world for survey

     

       
      Can China build its own Silicon Valley?
       
      Local textile sales will offset export curbs
       
      Biotechnology could sustain economy, gov't told
       
      Sudan commits to co-operation with China
       
      Fund aids budding business people
       
      Ocean study to look at sea resources
       
     
      Go to Another Section  
     
     
      Story Tools  
       
      News Talk  
      It is time to prepare for Beijing - 2008  
    Advertisement
             
    国产成人AV片无码免费| 亚洲av午夜国产精品无码中文字| 国产成A人亚洲精V品无码 | 亚洲中文字幕无码中文字在线| 国精品无码A区一区二区| 无码精品A∨在线观看免费| 欧美 亚洲 日韩 中文2019| 精品无码人妻一区二区三区品 | 欧美 亚洲 日韩 中文2019| 无码h黄动漫在线播放网站| 无码任你躁久久久久久老妇App| 亚洲精品无码久久不卡| 国产V亚洲V天堂A无码| 亚洲国产综合无码一区 | 寂寞少妇做spa按摩无码| 91中文字幕在线观看| 日韩A无码AV一区二区三区| 色AV永久无码影院AV| 亚洲av永久无码制服河南实里| 伊人蕉久中文字幕无码专区| 一本大道香蕉中文在线高清| 中文字幕丰满伦子无码| 中文在线中文A| 亚洲 日韩经典 中文字幕 | 中文字幕亚洲综合小综合在线 | 亚洲中文字幕无码一区| 无码人妻一区二区三区免费视频| 久久久久成人精品无码中文字幕 | 麻豆亚洲AV永久无码精品久久| 国产在线无码精品电影网| 最近中文2019字幕第二页| 国产精品亚洲w码日韩中文| 日韩精品无码一区二区中文字幕 | 日韩精品一区二区三区中文| 中文无码vs无码人妻 | 99久久国产热无码精品免费| 亚洲日韩精品一区二区三区无码 | 亚洲国产精品无码久久久蜜芽| 中文字幕手机在线观看| 无码人妻精品一区二区三区蜜桃 | 最近中文字幕大全中文字幕免费|