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
             
    日本精品自产拍在线观看中文| 亚洲av无码专区在线播放| 亚洲欧美精品综合中文字幕| 精品无码日韩一区二区三区不卡 | 亚洲中文字幕久久精品无码APP| www无码乱伦| 亚洲av永久无码精品网站| а√天堂中文官网8| 无码精品一区二区三区免费视频 | 亚洲国产中文v高清在线观看 | 日韩精品无码人妻一区二区三区 | 天堂无码久久综合东京热| 免费一区二区无码东京热| 中文字幕av无码专区第一页| 成人无码免费一区二区三区| 无码国产伦一区二区三区视频| 无码国产精品一区二区免费式影视| 国产亚洲中文日本不卡二区| 成?∨人片在线观看无码 | 日韩精品无码Av一区二区| 亚洲VA中文字幕无码一二三区| 亚洲国产精品狼友中文久久久| 亚洲久本草在线中文字幕| 亚洲一区无码精品色| 国产av无码专区亚洲国产精品| 日韩人妻精品无码一区二区三区| 国模无码人体一区二区| 亚洲欧美日韩中文字幕二区| 惠民福利中文字幕人妻无码乱精品| 中文字幕无码精品三级在线电影 | 亚洲成a人片在线观看无码专区| 中文字幕无码毛片免费看| 中文字幕一区二区精品区| 无码中文字幕乱在线观看| 日韩成人无码中文字幕| 亚洲自偷自偷偷色无码中文| 婷婷色中文字幕综合在线| 亚洲中文字幕在线观看| 中文字幕一区视频| 69堂人成无码免费视频果冻传媒| 日韩视频中文字幕精品偷拍|