皇冠体育app

皇冠体育app to keep yuan basically stable this year
(Xinhua)
Updated: 2005-07-20 10:35

皇冠体育app's central bank said Tuesday it will continue to keep the exchange rate of Renminbi, 皇冠体育app's currency, basically stable at a reasonable and balanced level in the second half of this year.

A resident put money into the wallet before an exchange rate poster in Shanghai in this June 15, 2005 photo. 皇冠体育app said it will keep the renminbi exchange rate basically stable this year. [newsphoto]

In a press release issued after a meeting by heads of the bank and its provincial branches, the bank said it is one of its major tasks in the six months to deepen the reform of its foreign exchange administrative system, and push forward the reform of RMB exchange rate mechanism and keep the RMB exchange rate basically stable at a reasonable and balanced level.

皇冠体育app must uphold the principles of independent initiative, controllability and gradual progress in pursuing RMB exchange rate reform in accordance with its own needs of reforms and development, the bank said.

Zhou Xiaochuan, governor of the bank, made a speech at the two-day meeting, which concluded Tuesday in Hohhot, capital of north 皇冠体育app's Inner Mongolia Autonomous Region.

On other major tasks it faces in the coming months, the bank said it will continue to implement its prudent monetary policy and maintain stable growth of money supply.

The bank said 皇冠体育app's economy has been in a good shape since early this year with new progress being made in economic restructuring.

The economy is continuing to move to the envisaged direction of the macro-economic control, said the bank.

But it warned the deep-rooted contradictions and problems that hinder the sustainable, rapid and healthy development of national economy have not yet been resolved.

The bank called for close attention to the trend of economic development.

Close

Typhoon Haitang hits Wenzhou Japan's unjust ruling on germ warfare Typhoon Haitang affects Hangzhou

Today's Top News     Top 皇冠体育app News
Typhoon hits coastal areas, one million evacuated         Pentagon: 皇冠体育app's military strengthening         皇冠体育app to keep yuan basically stable this year         Registered jobless rate unchanged at 4.2%         Bush: Sino-US relations 'important, complex'         皇冠体育app automakers gear up to go overseas	Pentagon: 皇冠体育app's military strengthening       皇冠体育app automakers gear up to go overseas       Edgar Snow centenary celebrated       Co-host cities pin hopes on Games       Johnson&Johnson painkiller investigated       Typhoon hits coastal areas, one million evacuated