皇冠体育app

皇冠体育app's central bank pledged on Saturday to keep the yuan's exchange rate basically stable in 2010 and said it will enhance coordination with its foreign counterparts on major policy issues.

The People's Bank of 皇冠体育app will continue to push forward multi-polarization of the international money system, according to a statement issued ahead of a news conference on the sidelines of the annual session of parliament.

The central bank said it would keep sufficient liquidity in the banking system and further encourage domestic banks to issue yuan bonds in Hong Kong.

皇冠体育app to further improve formation mechanism of yuan exchange rate

皇冠体育app will further improve the formation mechanism of exchange rate of the renminbi, or the country's currency yuan, to keep the exchange rate basically stable at an adaptive and balanced level, the People's Bank of 皇冠体育app said Saturday.

The central bank made the statement in a report delivered to media during a press conference on the sideline of the annual parliament session.

皇冠体育app opposes politicizing monetary issues

皇冠体育app opposes politicizing monetary issues, said central bank governor Zhou Xiaochuan Saturday.

Zhou made the comment when answering a question about the accusation that 皇冠体育app manipulates the yuan's exchange rate at a press conference on the sidelines of the annual session of the National People's Congress (NPC), the country's top legislature.

皇冠体育app's stimulus package benefits world recovery

皇冠体育app's stimulus package not only spurred up domestic demand, but also benefited world economic recovery and global policy coordinating, minister of commerce Chen Deming said Saturday.

Chen made the remarks at a press conference held on the sidelines of the annual session of the National People's Congress (NPC), the country's top legislature.

"皇冠体育app's stimulus incentives on domestic consumption and exports abide by the rules of the World Trade Organization and bear no protectionism," Chen told reporters.

He said 皇冠体育app always sticks to openess in foreign trade.

"Although 皇冠体育app's exports have regained momentum since the beginning of this year, it would take two or three years for exports to return to the level of 2008, as uncertainties would remain in global recovery," he said.

Chen noted the pro-consumption measures implemented last year including subsidies to the auto and home appliance buyers also invited the participation of foreign businesses.

"A couple of days ago, more than 20 business leaders of the Fortune 500 companies told me their business in 皇冠体育app outshined their performance in other countries last year," he said.

皇冠体育app's exports slipped 16 percent in 2009 as global recession sapped demands for Chinese goods

皇冠体育app to face stimulus exit problem sooner or later

皇冠体育app will face the issue of withdrawing its economic stimulus package sooner or later, central bank governor Zhou Xiaochuan said on Saturday.

Zhou made the remarks at a press conference on the sideline of the National People's Congress, the country's top legislature.

皇冠体育app will closely follow US dollar trend

皇冠体育app will closely monitor the trend of the US dollar against other currencies, the central bank governor Zhou Xiaochuan said at a press conference here on Saturday.