Home>News Center>China
           
     

    Central bank vows to push ahead with reform
    (AFP)
    Updated: 2005-11-18 21:20

    China's once deeply conservative central bank will push ahead with reforms for its exchange rate system, and even promised it would listen to suggestions of how it can perform the task better.

    "We will gradually bring about convertibility of the currency on the capital account," central bank governor Zhou Xiaochuan said in an essay published by Study Times, a newspaper run by the influential Central Party School.

    Zhou did not give a specific timetable for the move, which would entail full convertibility for the Chinese currency.

    This is in line with other government officials' comments on the topic ever since the late-1990s Asian financial crisis, which alerted Beijing to the perceived dangers of too-speedy reform.

    The Chinese currency is freely convertible on the current account for trade in goods and services. The capital account, covering items such as money entering the country for investment in the stock market, remains closed.

    "The central government will gradually and selectively liberalize controls on cross-border transactions and achieve full yuan convertibility under the capital account," Zhou said.

    But even after the yuan becomes convertible under the capital account, the bank "will still impose certain limits on short-term foreign debt and speculative activity," Zhou said.

    Zhou also said in his essay that China will continue to improve its "managed float system" for its currency.
    Page: 12



    China's first sea-spanning bridge ready for traffic
    Hu meets with S. Korean National Assembly leader
    Farewell to a heroic teacher
      Today's Top News     Top China News
     

    Hu: China will contribute to global peace

     

       
     

    WHO: China measures 'almost textbook'

     

       
     

    Bombings kill at least 60 in Iraq

     

       
     

    China commemorates late CPC senior leader

     

       
     

    China, Chile sign free-trade agreement

     

       
     

    China to maintain 8% growth for 15 years

     

       
      China commemorates late CPC senior leader
       
      China, Chile sign free-trade agreement
       
      17 missing in Guizhou colliery blast
       
      China's development poses no threat to others: Hu
       
      Hu meets Hong Kong SAR chief executive
       
      Early detection of human cases vital
       
     
      Go to Another Section  
     
     
      Story Tools  
       
      News Talk  
      It is time to prepare for Beijing - 2008  
    Manufacturers, Exporters, Wholesalers - Global trade starts here.
    Advertisement
             
    丰满白嫩人妻中出无码| а天堂中文最新版在线| 最近最新中文字幕完整版| 99国产精品无码| 最好看的电影2019中文字幕 | www日韩中文字幕在线看| 国产成人无码免费网站| 亚洲午夜国产精品无码 | 亚洲av综合avav中文| 人妻少妇精品无码专区动漫| 亚洲av无码成人黄网站在线观看| 日韩中文字幕视频| 欧美日本道中文高清| 久久亚洲国产成人精品无码区| 麻豆亚洲AV永久无码精品久久| 亚洲V无码一区二区三区四区观看| 中文字幕在线一区二区在线| 制服丝袜人妻中文字幕在线| 中文字幕无码毛片免费看| 久久精品无码专区免费| 国产白丝无码免费视频| 男人的天堂无码动漫AV| 无码人妻久久一区二区三区免费| 日韩a级无码免费视频| 欧美精品丝袜久久久中文字幕| 久久精品aⅴ无码中文字字幕重口 久久精品天天中文字幕人妻 | 内射无码午夜多人| 国产精品午夜福利在线无码| 国产aⅴ无码专区亚洲av| 精品无码久久久久久尤物 | 无码少妇一区二区浪潮av| 2019亚洲午夜无码天堂| av大片在线无码免费| 潮喷大喷水系列无码久久精品| 国产成人AV一区二区三区无码| 99久久无码一区人妻| 日韩精品久久无码人妻中文字幕| 无码137片内射在线影院| 国产高新无码在线观看| 免费一区二区无码视频在线播放| 亚洲精品欧美精品中文字幕|