China Travel & Tourism News
|
 |
No more unexpected changes of RMB exchange rates: Wen
|
15-Mar-2006 - xinhuanet |
China will introduce no more unexpected changes in reforming the exchange rate of its currency, the RMB yuan, Chinese Premier Wen Jiabao announced here on Tuesday.
"There will be no more surprise," said Wen at a press conference in the Great Hall of the People in downtown Beijing, atthe end of the national legislature's annual session.
Such practice as making the RMB exchange rate fluctuate upward or downward by administrative means once and for all will no longer exist, said the premier.
While meeting the press on the same occasion last year, the premier said that China would take unexpected moves regarding the RMB exchange rate.
In July, the country announced it had abandoned its longtime practice of pegging the RMB to the U.S. dollar, and the RMB yuan has since appreciated against the dollar by a margin of nearly 3 percent.
Wen said efforts will be continued to further improve the RMB exchange rate system, expand the capacity of its foreign currency market and enhance the flexibility of the RMB exchange rate.
"Based on the current RMB exchange rate system, there is room for the RMB exchange rate to fluctuate on its own. Such practice as making the RMB exchange rate go up or down by administrative means once and for all will no longer exist. There will be no more surprise," he said.
|
15-Mar-2006 - xinhuanet |
Main Cities in China Travel and China Hotels


Beijing Canton
Shanghai Hong
Kong Qingdao Hangzhou |
Other Major Cities:
Changchun,
Chengdu,
Chongqing,
Dalian,
Dongguan,
Dunhuang,
Foshan,
Guangzhou,
Guilin,
Haikou,
Harbin,
Hainan,
Hangzhou,
Kunming,
Lhasa,
Macau,
Nanjing,
Qingdao,
Sanya,
Shenyang,
Suzhou
Shanghai,
Shenzhen,
Tianjin,
Weihai,
Wenzhou,
Xiamen,
Xi'an,
Yiwu
|
Major China Hotels:
Beijing Hotels,
Chengdu Hotels,
Chongqing Hotels,
Dalian Hotels,
Foshan Hotels,
GuangZhou Hotels,
Guilin Hotels,
Hangzhou Hotels,
Harbin Hotels,
HongKong Hotels,
Kunming Hotels,
Macau Hotels,
Nanjing Hotels,
Qingdao Hotels,
Sanya Hotels,
Shanghai Hotels,
Shenyang Hotels,
Suzhou Hotels,
Tianjin Hotels,
Urumqi Hotels,
Wenzhou Hotels,
Xiamen Hotels,
Xian Hotels |
|
 |
|