Latest News:  


Yuan to strengthen mildly in 2013 (2)


09:30, January 07, 2013

Lian Ping predicted the US dollar to strengthen in the long-term as United States' capability of walking out of the economic shadows can never be underestimated. That will restrain the yuan's appreciation against the US dollar.

To cope with the US dollar's possible gains in the future, analysts said the Chinese government should accelerate the yuan's market reform and push for its two-way fluctuations to help business companies avert risks.

In a move to accelerate market reform, the People's Bank of China, the country's central bank, widened the yuan's daily trading limit against the US dollar to 1 percent from 0.5 percent last April.

Zhang Ming, a researcher with the Chinese Academy of Social Sciences, said the move, to some extent, changed people's mind that the central bank manipulated the exchange rates. He expects the floating band will be widened further in the future.

【1】 【2】


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese navy conducts submarine rescue drill

  2. China's J-10 fighters test fuel drain system

  3. Unforgettable moments you cannot miss in December (IV)

  4. Uniform ladies publicize traffic rules

  5. China’s weekly story (2012.12.27-2013.1.4)

  6. Power project completes Huaihe River stage

  7. Cute! Animals enjoy warm sunshine

  8. Visions of earth

Most Popular


  1. Reliance on land sales 'must be reformed'
  2. Heroism, a matter unrelated to wealth
  3. 'Chinese Fortune Grandpa' VS 'Santa Claus'
  4. China Voice: Blind eyes are deadlier than blazes
  5. Light amidst global gloom
  6. Where should China's badminton head for?
  7. Why ‘Chinese style road crossing’ occurs

What’s happening in China

Girl wearing "military uniform" parade on the street to publicize the new traffic regulation

  1. Chemicals contaminate N China river
  2. Orphanage owner hospitalized
  3. Pollution leads to water supply being cut
  4. Deaths 'not sign' flu virus is out of control
  5. Chinese drivers question new traffic rule