<del id="cz5ce"></del>
    <th id="cz5ce"><video id="cz5ce"></video></th>

    <object id="cz5ce"></object>
      <pre id="cz5ce"></pre>

        <th id="cz5ce"></th><strike id="cz5ce"><sup id="cz5ce"></sup></strike>
          <strike id="cz5ce"><small id="cz5ce"></small></strike>
          RMB exchange rate "relatively close" to equilibrium level
          Last Updated: 2013-01-28 07:25 | Xinhua
           Save  Print   E-mail

          The exchange rate of the Chinese currency, the renminbi (RMB) or yuan, is "relatively close" to equilibrium level and the supply and demand in the market is generally in balance, Yi Gang, a vice governor of China's central bank, told Xinhua in an interview.

          "The most convincing evidence to support this is that China's newly added foreign exchange reserve last year was the least over the past five years," Yi said on the sidelines of the annual meeting of the World Economic Forum (WEF) Saturday.

          "This means that the central bank doesn't have to intervene in the market on a large scale, and the slower pace of growth in our foreign exchange reserve is a good thing," he added.

          Share to 
          Related Articles:
          Most Popular
          BACK TO TOP
          Chinese | BIG5 | Deutsch
          About CE.cn | About the Economic Daily | Contact us
          Copyright 2003-2020 China Economic Net. All right reserved