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

  Home>News Center>Bizchina
       
 

Freer yuan would bolster other policy measures
(Shenzhen Daily/Agencies)
Updated: 2006-01-24 11:40

The central bank would gain greater control over the country's money supply if it allowed more flexibility for the yuan, a semi-official think tank said in a report published yesterday.

The China Society of Economic Reform said in a research note that the yuan's tight daily floating range and the country's rapidly growing foreign exchange reserves meant the central bank had relatively little control over money supply.

"The key issue for monetary policy is the yuan's exchange rate," it said in the report, published in the China Securities Journal.

"If the government widened the yuan's daily floating range or allowed the yuan to rise 3 to 5 percent in 2006, the pressure on monetary policy would be eased somewhat, and other policy measures would become more effective," it said.

The yuan, revalued by 2.1 percent against the U.S. dollar in July, is limited to moving 0.3 percent against the dollar in either direction in a single trading day, but in practice it has never moved more than a small fraction of that figure.

The research body added that, with the establishment of a market-making system this month, the People's Bank of China had maintained tight control over the currency market, preventing market makers from fully playing their role.

The China Society of Economic Reform undertakes research on behalf of the government on economic topics. The results of its research are often used as a reference in policymaking.



 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
竹山县| 靖宇县| 武鸣县| 滕州市| 商城县| 湘潭市| 聊城市| 乌拉特前旗| 利津县| 兴安盟| 郧西县| 靖江市| 德昌县| 奉化市| 个旧市| 鹤岗市| 沂南县| 余庆县| 黎城县| 伊春市| 安远县| 阳东县| 岳池县| 雷山县| 宾川县| 罗甸县| 江津市| 海丰县| 来宾市| 益阳市| 顺昌县| 南通市| 饶阳县| 绥阳县| 上高县| 微博| 江都市| 天峻县| 德昌县| 成安县| 平邑县|