China Travel & Tourism News
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'Now is time' for China to Move on Yuan
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| 3-May-2005 - China Radio International |
"We've been engaged with the Chinese now for over two years in discussions on the direction of their currency," Snow told CNBC television. "They've committed to move to greater flexibility. They've taken a lot of steps to accommodate greater flexibility through improvements in their financial system. We think they're ready and we think now is the time for them to move." A top Chinese finance official said recently that Beijing has no timeframe for reform of its foreign exchange system, despite increasing pressure from the United States and others to throw open its currency regime. Snow said discussions were ongoing with Beijing on a move to a flexible currency, which Washington argues may help ease trade deficit and other economic imbalances. "We have talked extensively about the move to greater flexibility and they know our position," he said. "We're disappointed they haven't moved, we are not happy with where they are and now is the time for them to move." |
| 3-May-2005 - China Radio International |
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
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Major China Hotels:
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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 |
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