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
  Home>News Center>China
       
 

Pressure on RMB will not help -- Wen
By Zhang Dingming & Jiang Wei (China Daily)
Updated: 2005-05-16 22:22

Premier Wen Jiabao reiterated yesterday that China would not yield to external pressure as it reforms the renminbi exchange rate mechanism.

Pressure on RMB will not help -- Wen
"The reform of the renminbi exchange rate is an issue concerning China's sovereignty," Wen was quoted by Xinhua News Agency as saying yesterday during a meeting with a United States Chamber of Commerce delegation. "Any pressure or media play-up, or the politicization of an economic matter will not be conducive to resolution of the issue."

As long as conditions get ripe, he said, the Chinese Government will take the initiative to advance the exchange rate reform without any pressure from outside the country.

On the contrary, Wen said, if conditions are not available, the Chinese Government will never hastily take any action, regardless of how great the pressure from outside is.

China, as well as every other nation, has the absolute right to choose exchange rate systems and appropriate levels of the exchange rate that fit into the specific conditions of the country.

And China will abide by the rules of market economy to advance the reform, he added.

Wen's remarks were the latest show of opposition from the Chinese Government to foreign interference in its widely watched reform of the renminbi exchange rate, which some of its major trading partners, particularly the United States, complain is undervalued.

The US Government proposed in the first quarter to impose punitive tariffs on Chinese commodities if the Chinese currency was not revalued, a move Wu Xiaoling, deputy governor of the People's Bank of China (PBOC), China's central bank, said last week would only impede China's plan to further exchange rate reform.

The proposal, which was passed by the US Congress last week, slapped import quotas on three categories of Chinese textiles, a move Wen described as "not good" for the development of bilateral trade.

The European Commission is also considering similar measures to control the flow of textiles from China.

Ministry of Commerce spokesperson Chong Quan said yesterday the measures harmed the interests of not only Chinese textile makers but also foreign-funded ventures.

"About 70 per cent of the export growth this year was accounted for by foreign-invested companies," he said.

Chong said the Chinese Government had taken a series of steps, such as issuing export permits and encouraging self-regulation in the industry, to slow the growth of textile exports.

The measures have taken effect as statistics showed that China's textile exports grew some 18.4 per cent year-on-year in the first four months of this year, down 5.3 per cent on the growth rate of last year, he said.

The spokesperson called on the United States and European Union to adhere to the principle of free trade so the disputes could be solved through communication and co-operation.



Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News
 

Australia, US, Japan praise China for Asia engagement

 

   
 

Banker: China doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

China considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: China should reconsider currency plan
   
  China: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Market to have bigger say in yuan rate
   
Top banker: Not much 'hot money' in China
   
Top banker: Not much 'hot money' in China
   
Revaluation talk boosts views on China stocks
   
No change in sight for Renminbi rate
   
No change in sight for Renminbi rate
   
FM rebuts US threat of economic sanctions
   
Economists back yuan policy
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 张家港市| 东方市| 长宁区| 饶河县| 泸水县| 陈巴尔虎旗| 龙游县| 西安市| 万州区| 宁化县| 龙南县| 文水县| 平原县| 仁布县| 崇仁县| 武宣县| 两当县| 梅河口市| 临沂市| 永泰县| 哈尔滨市| 沧州市| 商洛市| 惠安县| 辛集市| 莱芜市| 定襄县| 吉水县| 中西区| 池州市| 怀化市| 崇左市| 皋兰县| 南部县| 西乌| 通榆县| 龙川县| 柞水县| 石林| 鸡泽县| 米易县| 且末县| 长寿区| 酒泉市| 高青县| 和硕县| 博湖县| 肥乡县| 樟树市| 大余县| 怀集县| 达州市| 偃师市| 苏州市| 清流县| 泊头市| 高台县| 平和县| 讷河市| 鹿泉市| 浦县| 天津市| 台山市| 上饶县| 武川县| 滦南县| 鹤峰县| 那坡县| 洞口县| 肥西县| 东乌珠穆沁旗| 青州市| 宜丰县| 贵南县| 遂溪县| 贡山| 托克逊县| 什邡市| 隆子县| 商南县| 托克逊县| 丘北县|