综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

China tells yuan critics to back off

(Reuters)
Updated: 2007-01-29 08:36

DAVOS, Switzerland: China wants the rest of the world to respect its gradual pace of economic reform, a senior Chinese central banker said here, telling critics to "clean your own house first."

Wu Xiaoling, deputy governor of the People's Bank of China, avoided naming names but handed out the advice only a few weeks after top US financial policy makers visited Beijing to press China to act faster on liberalizing the yuan.

"There is a Chinese saying that you should put yourself in others' shoes; you need to respect others," she said at the World Economic Forum in Davos. "We respect other people's policies. The Chinese say, 'clean your own house first.'

"We should be very careful how we proceed, and I compare it to walking on ice," she added.

The US Treasury secretary, Henry Paulson, after meeting the Chinese president, Hu Jintao and the prime minister, Wen Jiabao, last month, said the Chinese reluctance to let the yuan quickly appreciate remained a core bilateral issue.

US lawmakers say the yuan, or renminbi, is unfairly undervalued, undermining the competitiveness of American companies and contributing to a soaring US trade deficit.

But Wu said China had "more work to do, especially in the development of the financial system."

"The renminbi will more and more reflect market forces, but we will not have dramatic change in the short term," Wu said.

Beijing ended a direct peg between the dollar and the yuan in July 2005, and since then it has let the currency rise gradually against a basket of currencies. On Thursday the yuan was at its highest point since the revaluation.

The Chinese economy, which grew at its fastest rate in more than a decade in 2006, has been a major issue at Davos.

China has implemented a series of curbs to keep its economic expansion in check, but the world's fourth-largest economy has still achieved double-digit growth in each of the past four years.

The United States says the yuan needs to rise faster to ease global economic imbalances - Asia runs a large current account surplus, and the United States absorbs roughly 70 percent of excess global savings - and to prevent a sudden and disorderly correction.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
禹州市| 汝州市| 常宁市| 昂仁县| 盐边县| 广西| 新郑市| 武隆县| 察隅县| 诸暨市| 横山县| 香格里拉县| 梁山县| 砚山县| 南皮县| 东至县| 高台县| 宿迁市| 麻城市| 晴隆县| 新丰县| 涿州市| 原阳县| 古蔺县| 勃利县| 呼玛县| 岱山县| 巴南区| 新密市| 轮台县| 宜春市| 和顺县| 新泰市| 霸州市| 沙田区| 黄浦区| 沂水县| 金门县| 新兴县| 吉木乃县| 日土县|