18+污漫画,亚洲国产港台日韩欧美三级电影网,办公室扒开奶罩揉吮奶明星,爱爱电影爱情影院网,斗破苍穹 小说免费阅读全集,人妻洗澡被强伦姧完整,打扑克牌又疼又叫视频软件,亚洲,日韩,aⅴ在线欧美,寂寞少妇扒开双腿猛烈进入免费看

 

Exchange rate regime reform has limited impacts on China's export: official

0 CommentsPrint E-mail Xinhua, June 27, 2010
Adjust font size:

The exchange rate regime reform China is carrying out will have limited impacts on the country's exports, an official from the Chinese Ministry of Commerce said?in Toronto?Thursday.

"From my standpoint of view, the impact on ordinary or general trade is bigger than that on the processing trade," Yu Jianhua, international trade and economic affairs director of the Commerce Ministry, told reporters.

"However, on the whole it won't be that big," he added.

China's central bank announced on June 19 that it would further reform the exchange rate regime of the Chinese currency yuan to make the rate more flexible.

Noting that many developed countries restrict China's exports, Yu reiterated that China is opposed to any kind of trade protectionism.

Due to the global economic crisis, China's trade surplus declined dramatically. In the first five months of 2010, China's imports increased 57. 5 percent and its exports rose 33 percent.

As a result, China's trade surplus in the period dropped 60 percent year-on-year to 35.36 billion U.S. dollars, Yu said. In the same period in 2008 before the economic crisis, the surplus was 78 billion dollars.

He said that he is not optimistic about China's trade figures in 2010 given such factors as the global economic crisis, the European sovereign debt crisis, the impact of depreciation of the euro, the climbing labor cost in China and the rising cost of raw materials.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter