男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
  .contact us |.about us
News > Business News ...
Search:
    Advertisement
Currency has little effect on China's export prowess: Mogan Stanley
( 2003-07-08 09:25) (Xinhua)

China's competitive prowess has little to do with the value of the Renminbi (RMB) despite accusations that pegging the currency to a weaker US dollar has given China an unfair advantage, said Stephen S. Roach, chief economist of Morgan Stanley & Co., Monday.

Roach said the theory that currency policy was to blame for China's trade surplus overlooked the country's competitiveness in labor costs, technology, infrastructure, human capital and its passion for reform.

"I can't see vigorous growth anywhere except China," Roach said, "but it is not surprising that China has strong exports provided the considerable increase of foreign investment."

The performance of both domestic companies and multinationals contributed to the booming exports, he added.

China had emerged as "the leading scapegoat" in the still depressed global economy while the United States, Europe and Japan were struggling with their own problems, Roach said.

The country had long made a commitment to open its capital market, including lifting controls on its currency, and had made favorable progress, he said.

"The day is closer but still years away," Roach said. "China must not be forced to accelerate the long-term process to an open capital market and flotation of the RMB by external conditions."

The country's handling of the SARS crisis had made it more like a global leader and the impact of the disease on its economy was much weaker than expected, Roach said, adding that Morgan Stanley' s earlier report had overrated the negative effect of SARS on China's gross domestic product growth.

Morgan Stanley has just been granted an investment line of 300 million US dollars after becoming the fourth qualified foreign institutional investor in China on July 3.

 
Close  
   
  Today's Top News   Top Business News
   
+WHO: Bird flu death rises to 15; vaccination recommended
(2004-02-05)
+Solana: EU ready to lift China arms embargo
(2004-02-05)
+Nation tops TV, cell phone, monitor production
(2004-02-05)
+Absence ... still makes China hot
(2004-02-05)
+Hu: Developing world in key role
(2004-02-04)
+KFC: We operate normally in China despite bird flu outbreaks
(2004-02-05)
+Starbucks takes aim at China chain
(2004-02-05)
+Former Microsoft China chief gets new job
(2004-02-05)
+Private airline prepared for take off
(2004-02-05)
+Investors lured by call of siren
(2004-02-05)
   
  Go to Another Section  
     
 
 
     
  Article Tools  
     
 
 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  
主站蜘蛛池模板: 叶城县| 梁平县| 凭祥市| 凯里市| 伊春市| 东乡族自治县| 博乐市| 寻甸| 津南区| 玉树县| 芦溪县| 万载县| 高邮市| 吴旗县| 侯马市| 南阳市| 松潘县| 长岭县| 上虞市| 永福县| 韶关市| 衡南县| 和田市| 惠水县| 东丰县| 从化市| 太白县| 通渭县| 屯留县| 余姚市| 宜阳县| 贞丰县| 彭山县| 永春县| 萍乡市| 安丘市| 海原县| 兴文县| 嵊州市| 府谷县| 邓州市| 湾仔区| 江都市| 澄江县| 昭苏县| 唐山市| 明水县| 荔浦县| 防城港市| 广安市| 江孜县| 吴川市| 东宁县| 镇巴县| 舞阳县| 会宁县| 新民市| 松潘县| 交口县| 桓台县| 岑溪市| 红原县| 龙里县| 五原县| SHOW| 牡丹江市| 新昌县| 大洼县| 麟游县| 濉溪县| 张北县| 衡阳县| 甘孜| 南和县| 崇左市| 冀州市| 昭平县| 修文县| 辽源市| 芮城县| 山阴县| 三河市|