在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  Home>News Center>China
       
 

China abolishes yuan-dollar peg, adopts floating rate
By Xu Binglan (China Daily)
Updated: 2005-07-21 19:37

In a long-awaited but unexpected move, China yesterday announced that its currency will no longer be pegged to the US dollar.

A shopper hands Chinese money to a cashier in Beijing in this May 27, 2004 file photo. China scrapped the yuan's peg to the U.S. dollar on July 21, 2005, and the rate will be made in reference to a basket of currencies, the central bank said, the first steps in highly anticipated reforms aimed at letting the currency float freely.[Reuters]

From now on the renminbi, or yuan's, exchange rate will be made in reference to a basket of currencies, the People's Bank of China (PBOC) said, adding that it marked the introduction of "a more flexible mechanism for the exchange rate's formation."

The central bank did not specify what currencies would be in the basket.

The central bank strengthened the exchange rate of the renminbi to 8.11 to the dollar, up from 8.28, where it had been fixed for years, it said in a surprise announcement on the State television evening news.

The change amounts to a 2 per cent appreciation of the renminbi.

The reform is "in the interests of the country's long-term, fundamental interests," the central bank said in a separate statement.

Pursuing a more flexible, market-based foreign exchange system has been on the agenda for the country's economic reform.
Page: 1234



Typhoon Haitang floods coastal areas
Wholesalers at vegetable market in Nanjing
Typhoon Haitang causes huge losses to Wenzhou
  Today's Top News     Top China News
 

China abolishes yuan-dollar peg, adopts floating rate

 

   
 

US$3.1b deals inked to buy 20 Airbus A330s

 

   
 

London hit again by terror blasts

 

   
 

China affirms 'no first use' nuke policy

 

   
 

Ship sinks, 9 Chinese missing off Japan coast

 

   
 

Power plants pushed to boiling point

 

   
  Premarital checks ensure healthy babies
   
  China abolishes yuan-dollar peg, adopts floating rate
   
  China affirms 'no first use' nuke policy
   
  Power plants pushed to boiling point
   
  Joint US-China mission tackles illicit driftnet fishing
   
  Beijingers get a say in next 5-year plan
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 永久免费av网站 | 日韩精品网站 | 国产一区二区三区在线视频 | 91免费网 | 国产尤物视频 | 成人高清 | 欧美在线亚洲 | 日本久久视频 | 欧美日韩黄 | 97视频在线观看免费 | 男女啪啪免费网站 | 黄色小视频免费观看 | 欧美一级做性受免费大片免费 | 亚洲视频国产 | 日韩精品一级毛片在线播放 | www.国产在线 | www久久久| 国产精品久久久精品 | 欧美日韩高清在线 | 天堂成人av | 免费视频a | 日本免费毛片 | 俺去俺来也在线www色官网 | 国产美女av| 欧美精品一二三 | 国产成人av网站 | 秋霞午夜鲁丝一区二区老狼 | 黄色片网站在线观看 | 中文字幕第2页 | 男人添女荫道口图片 | 久久视频免费观看 | 欧美美女一区二区 | 国产精品视频免费在线观看 | 毛片毛片毛片毛片毛片 | 午夜免费小视频 | 国产精品视频网站 | 免费性网站 | 最新国产精品 | 精品在线观看视频 | 欧美激情啪啪 | 黄色在线免费观看视频 |