Home Business Politics Life Culture��Edu Sci��Tech Sports Photos
��Search
China Observer
�� Wealthy young Chinese divided into four types
�� Is China going to reverse its opening policy?
�� China's rural development divided into three tiers
Photos
�� Olympic flowers on show
�� Foreign tourists love to travel by bike
�� Police dogs start their work
��Home>>Business
Administrative adjustment of RMB ruled out �C NBS
www.chinanews.cn 2006-07-18 17:33:30
Chinanews, July 18 �C China would not appreciate or depreciate RMB with
one-off administrative measure, Zheng Jingping, a spokesman for the
National Bureau of Statistics (NBS) said Tuesday during a press
conference on national economic operation in the first half of this year.
Regarding the exchange rates of RMB, Zheng said the reform of RMB
exchange rate producing mechanism in the past year was successful. China
began its currency reform on July 21 of last year.
RMB exchange rates have witnessed appreciation during the one-year
fluctuation of the past year. By the end of June, RMB exchange rates had
increased by 3.5% from July 21 of last year, including the one-off
appreciation of 2% at the beginning of the reform.
Zheng said the current RMB exchange rate producing mechanism had reversed
the imbalance of the China's import and export trades, playing a positive
role in the stable economic operation.
Zheng said the mechanism needed further improvement but one-off
administrative appreciation or devaluation of RMB would not happen any
more as Premier Wen had said, i.e. there will be no more surprises on
currency adjustments.
Zheng said Chinese economy had been an important part of world economy
and any change in Chinese economy or financing would affect the operation
of world economy and financing.
"Speculators will not achieve their goal or gain from making bets on RMB
appreciation," Zheng said.
Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service
chinese language, learning chinese china, HSK, learn chinese writing, learn chinese characters, HSK Exam, chinese school, teach chinese, chinese schools, learn mandarin, learning mandarin, learning chinese, study in chinese, learn chinese abroad, learn chinese words, speak chinese, chinese studies, how to learn chinese, learn chinese china, learn chinese online, chinese language online, learn chinese in china, study chinese online, chinese language program, chinese language school, chinese language schools, chinese speaking, learn chinese, learn mandarin online, learn to write chinese, beijing chinese language school, chinese language china, chinese language classes, chinese language courses, chinese language learning, chinese language lessons, learn chinese language, learn to speak chinese, mandarin learn, study chinese, study chinese in china, studying chinese, china chinese in learning, chinese language class, chinese language exchange, chinese language in china, chinese language lesson, chinese language study, chinese language tutor, learn chinese beijing, learn chinese in beijing, learn chinese pinyin, learn to speak mandarin chinese, learning chinese online, learning the chinese language, mandarin learn online, study chinese china, studying chinese online
No comments:
Post a Comment