Related News
Yuan's exchange rate increasingly decided by market
Source: Xinhua |
March 12, 2012, Monday
|
Online Edition
Online Edition
A trade deficit in the first two months this year and its impact on the exchange rate of Renminbi is "a good thing" for China, the governor of China's central bank said today.
The supply and demand relations in the market are playing an increasing role in deciding the exchange rate of the Chinese currency, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said at a press conference on the sidelines of the ongoing annual parliamentary session.
China swung to a trade deficit of US$31.48 billion in February, the largest in a decade, as import growth far outpaced exports.
Yi Gang, vice governor of the PBOC and director of the State Administration of Foreign Exchange (SAFE), also described the trade deficit in February as a "positive sign" for a more balanced international balance of payment for China.
The supply and demand relations in the market are playing an increasing role in deciding the exchange rate of the Chinese currency, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said at a press conference on the sidelines of the ongoing annual parliamentary session.
China swung to a trade deficit of US$31.48 billion in February, the largest in a decade, as import growth far outpaced exports.
Yi Gang, vice governor of the PBOC and director of the State Administration of Foreign Exchange (SAFE), also described the trade deficit in February as a "positive sign" for a more balanced international balance of payment for China.
- 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.
