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

   

Chinese exporters adapt to the rising yuan

(Xinhua)
Updated: 2007-10-07 10:53

Another less used measure is RMB swap against foreign currencies, involving two transactions in opposite directions featuring domestic currency against foreign exchange between one company and one bank.

"It's unrealistic to have exporters fight alone against a strengthening currency as the country's financial system is still embryonic and potentially vulnerable," says Tan Yaling.

She says the government needs to extend currency elasticity and make the exchange rate formation more market-oriented by bringing in more market makers --banks and financial institutions that are obliged to quote both selling and buying prices through the interbank foreign exchange market.

"The most important thing is that all participants in the interbank foreign exchange market should learn to perform in a professional way while the government should do more research to identify the real value and the equilibrium price of the RMB," she says.

Ha Jiming, chief economist with the China International Capital Corporation predicts the value of the RMB will rise to 7.3 yuan against US$1 at the end of the year if the dollar maintains its performance.

"It will take three to five years to ease the pressure for further appreciation of the RMB yuan," he says.


(For more biz stories, please visit Industry Updates)

      1   2   3     


Related Stories  
饶阳县| 共和县| 德庆县| 巴彦淖尔市| 万荣县| 上饶县| 横峰县| 保亭| 四平市| 张掖市| 镇康县| 绿春县| 南靖县| 林甸县| 尖扎县| 霍邱县| 大连市| 奉贤区| 封丘县| 温泉县| 东海县| 丰原市| 资兴市| 恩施市| 浦县| 东山县| 驻马店市| 凤台县| 阜康市| 满洲里市| 翁源县| 苏尼特右旗| 洪洞县| 湖口县| 枝江市| 谢通门县| 乌兰察布市| 饶阳县| 义乌市| 定边县| 汉阴县|