Related News
Stable stance in forex investment
By Ding Yining |
April 27, 2009, Monday
|
Print Edition
Print Edition
THE yuan will remain stable against the United States dollar as China will take a cautious and stable position in its foreign exchange investment.
The Chinese currency gained against the US dollar in the past week and ended at 6.8273 last Friday, according to the China Foreign Exchange Trade System. The yuan closed at 6.8311 by the end of the previous week.
China will continue its policy of diversifying its huge amount of foreign exchange reserves, the currency regulator said last Friday.
Hu Xiaolian, head of the State Administration of Foreign Exchange, told Xinhua news agency that it will stick to major currencies and high-quality assets in its foreign exchange investments.
China's overseas earnings hit US$82.5 billion in the past year, an 8-percent rise from a year earlier, according to data released by the administration last Friday.
Hu also noted the positive outlook of China's economy has lessened concerns over a depreciation in the yuan.
The Chinese currency gained against the US dollar in the past week and ended at 6.8273 last Friday, according to the China Foreign Exchange Trade System. The yuan closed at 6.8311 by the end of the previous week.
China will continue its policy of diversifying its huge amount of foreign exchange reserves, the currency regulator said last Friday.
Hu Xiaolian, head of the State Administration of Foreign Exchange, told Xinhua news agency that it will stick to major currencies and high-quality assets in its foreign exchange investments.
China's overseas earnings hit US$82.5 billion in the past year, an 8-percent rise from a year earlier, according to data released by the administration last Friday.
Hu also noted the positive outlook of China's economy has lessened concerns over a depreciation in the yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
