男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Currency manipulation claims 'total rubbish'

By Xin Zhiming | China Daily | Updated: 2018-10-17 07:13
Share
Share - WeChat
China has taken measures to prevent irregular capital outflows in recent years to reduce their impact on economic stability, which also helped to keep the yuan from weakening. [Photo/VCG]

China does not manipulate the exchange rate of the yuan and such an accusation is totally unfounded, said an economist and former central bank monetary policy adviser ahead of the US Treasury's decision this week on whether to designate China as a "currency manipulator".

"If China manipulates it, the country should have tried to have its currency depreciated, which is not the fact," said Yu Yongding, a senior economist of the Institute of World Economics and Politics of the Chinese Academy of Social Sciences.

What China has done, instead, has actually helped prevent the yuan's exchange rate from falling, Yu told a financial forum organized by the institute on Monday. China has taken measures to prevent irregular capital outflows in recent years to reduce their impact on economic stability, which also helped to keep the yuan from weakening.

The US government has repeatedly accused China of trying to depreciate the yuan to facilitate its exports. Such an accusation is a "total rubbish", Yu said.

The US Treasury is set to decide in its semi-annual foreign exchange report this week whether to name China a "currency manipulator". US Treasury staff have recommended to Secretary Steven Mnuchin that China does not meet the criteria to be labeled like that, Bloomberg reported, citing two insiders.

Yu also warned that China should be well prepared for the worst scenario if China-US trade tensions continue to worsen.

Commenting on China's domestic economic situation, Yu said China has made initial headway in cutting its leverage levels.

Adair Turner, chair of the Institute for New Economic Thinking, said that China's deleveraging initiative was the "right" move.

But participants in the institute's forum warned that the world's major economies have faced the harsh challenge of high-level debt in the post-crisis era, which will drag on growth, if not trigger any large-scale financial crisis.

"After the global financial crisis (in 2008-09), people generally thought that the world would undergo a comprehensive and deep deleveraging process," said Xie Fuzhan, president of the CASS.

"However, 10 years after the crisis, although some headway has been made in cutting the leverage levels of financial institutions, those of government, corporate bodies and households have hit new highs."

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 改则县| 新余市| 芜湖市| 怀安县| 莫力| 黄平县| 汤阴县| 新野县| 东方市| 上栗县| 五指山市| 石河子市| 漳浦县| 都匀市| 阜新| 桃园市| 元阳县| 馆陶县| 杭锦后旗| 英山县| 邻水| 寿宁县| 汉寿县| 犍为县| 富顺县| 永川市| 铜梁县| 宿迁市| 峨眉山市| 宝鸡市| 灵台县| 河津市| 鄂伦春自治旗| 醴陵市| 奉新县| 黄山市| 漯河市| 通道| 平乐县| 龙门县| 花垣县|