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

Trade surplus rocketing brings pressure
(Xinhua)
Updated: 2005-07-28 07:06

Although China's trade volume ranks third in the world, the quality of and profits from the trade still remain a low level, the expert said.

Therefore, the RMB appreciation and the reform of the foreign exchange rating mechanism should help China to shrink its trade surplus and ease international pressure in the long run, the expert said.

The RMB yuan, which had been pegged to the US dollar at the rate of one dollar for 8.27 yuan over the past years, started to be traded at a rate of 8.11 to the US dollar last Thursday, according to an announcement from China's central bank. The pegging system is also being altered to refer to a basket of foreign currencies.

Close

Submarine drill in East China Sea 6-party talks start in Beijing Earthquake hits Daqing

Today's Top News     Top China News
Skies open wide for pilots from abroad         Parties target nuke-free peninsula         Veterinarians play down disease threat         Trade surplus rocketing brings pressure         Regional co-op focus of ASEAN meeting         Higher costs force firms to look elsewhere	Further appreciation of renminbi denied       Nuclear industry to seek foreign help       Strong RMB to have mixed effect on oil       A Chinese Jew's tale of adversity and triumph       Hydropower mania poses challenges       2,500 evacuated after quake kills one