Yuan seen stable against greenback
By Zhu Shenshen |
April 26, 2010, Monday
|
Print Edition
Print Edition
THE yuan is likely to remain stable against the US dollar this week because a hasty appreciation of the Chinese currency will severely impact the domestic labor-intensive industries.
The yuan ended slight lower against the greenback last week at 6.8264 last Friday, according to the China Foreign Exchange Trade System.
If the yuan climbs by a wide margin it will hit the domestic industries, especially in light industry, textiles and electronics, according to Zhu Hongren, a senior official at the Ministry of Industry and Information Technology.
The yuan ended slight lower against the greenback last week at 6.8264 last Friday, according to the China Foreign Exchange Trade System.
If the yuan climbs by a wide margin it will hit the domestic industries, especially in light industry, textiles and electronics, according to Zhu Hongren, a senior official at the Ministry of Industry and Information Technology.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
