• <nav id="c8c2c"></nav>
      • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
      • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
      • <nav id="c8c2c"><sup id="c8c2c"></sup></nav>
        <tr id="c8c2c"></tr>
      • a级毛片av无码,久久精品人人爽人人爽,国产r级在线播放,国产在线高清一区二区

          Home>News Center>China
               
         

        Central bank vows to push ahead with reform
        (AFP)
        Updated: 2005-11-18 21:20

        China's once deeply conservative central bank will push ahead with reforms for its exchange rate system, and even promised it would listen to suggestions of how it can perform the task better.

        "We will gradually bring about convertibility of the currency on the capital account," central bank governor Zhou Xiaochuan said in an essay published by Study Times, a newspaper run by the influential Central Party School.

        Zhou did not give a specific timetable for the move, which would entail full convertibility for the Chinese currency.

        This is in line with other government officials' comments on the topic ever since the late-1990s Asian financial crisis, which alerted Beijing to the perceived dangers of too-speedy reform.

        The Chinese currency is freely convertible on the current account for trade in goods and services. The capital account, covering items such as money entering the country for investment in the stock market, remains closed.

        "The central government will gradually and selectively liberalize controls on cross-border transactions and achieve full yuan convertibility under the capital account," Zhou said.

        But even after the yuan becomes convertible under the capital account, the bank "will still impose certain limits on short-term foreign debt and speculative activity," Zhou said.

        Zhou also said in his essay that China will continue to improve its "managed float system" for its currency.
        Page: 12



        China's first sea-spanning bridge ready for traffic
        Hu meets with S. Korean National Assembly leader
        Farewell to a heroic teacher
          Today's Top News     Top China News
         

        Hu: China will contribute to global peace

         

           
         

        WHO: China measures 'almost textbook'

         

           
         

        Bombings kill at least 60 in Iraq

         

           
         

        China commemorates late CPC senior leader

         

           
         

        China, Chile sign free-trade agreement

         

           
         

        China to maintain 8% growth for 15 years

         

           
          China commemorates late CPC senior leader
           
          China, Chile sign free-trade agreement
           
          17 missing in Guizhou colliery blast
           
          China's development poses no threat to others: Hu
           
          Hu meets Hong Kong SAR chief executive
           
          Early detection of human cases vital
           
         
          Go to Another Section  
         
         
          Story Tools  
           
          News Talk  
          It is time to prepare for Beijing - 2008  
        Manufacturers, Exporters, Wholesalers - Global trade starts here.
        Advertisement
                 
        a级毛片av无码
        • <nav id="c8c2c"></nav>
          • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
          • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
          • <nav id="c8c2c"><sup id="c8c2c"></sup></nav>
            <tr id="c8c2c"></tr>