久久精品30_一本色道久久精品_激情综合视频_欧美日韩一区二区高清_好看的av在线不卡观看_国产自产精品_91久久黄色_午夜亚洲福利_欧美黄在线观看_国内自拍一区

share
 

China may keep RMB stable if Fed cuts rates

0 Comment(s)Print E-mail China Daily, August 29, 2024
Adjust font size:

With the United States appearing to be poised for interest rate cuts starting September, Chinese policymakers should strengthen monitoring of capital flows and prepare contingency plans against any potential sharp renminbi appreciation, analysts said.

While a significant appreciation of the renminbi, or the yuan, against the US dollar is unlikely, they said they still expect Chinese financial regulators to bolster the management of expectations amid lingering uncertainties.

Measures such as adjusting the foreign exchange reserve requirement ratio may be taken to maintain the overall stability of the yuan in the event of any surge in speculative capital inflows.

Talk about the potential for a drastic yuan rebound started after Bloomberg published a report on Tuesday. Stephen Jen, chief executive of British hedge fund Eurizon SLJ Capital, was quoted in the report as saying that Chinese companies may be enticed to sell a $1 trillion pile of dollar-denominated assets if/when the US cuts interest rates, which could strengthen the yuan by up to 10 percent.

Jen's remarks came after US Federal Reserve Chair Jerome Powell indicated on Friday that "the time has come" for interest rate cuts. His words led the market to bet that the Fed will start cutting its target range of interest rates, which now stands at 5.25 to 5.5 percent, at the next Federal Open Market Committee meeting on Sept 17 and 18.

"In the event of a Fed rate cut, we anticipate a redirection of international capital flows toward China, potentially prompting a reflow of capital of Chinese enterprises," said Xiong Aizong, a senior research fellow at the Institute of World Economics and Politics, which is part of the Chinese Academy of Social Sciences.

"However, the yuan appreciation may not be as pronounced as Jen expects. The People's Bank of China, the country's central bank, is likely to implement its own rate cuts as well. Moreover, the US rate cuts are expected to be a gradual process."

In an interview with People's Daily earlier this month, Pan Gongsheng, governor of the PBOC, said the central bank will maintain a supportive monetary policy stance and keep the renminbi exchange rate generally stable at a reasonable and balanced level.

Xiong said: "In the case of (any) yuan appreciation, the PBOC and other authorities would take measures to prevent sharp fluctuations in the yuan's value.

"This may include intensifying the oversight of capital movements to curb abnormal capital flows, implementing additional easing measures and strengthening the management of expectations to prevent a one-sided, substantial appreciation of the yuan."

The renminbi has recovered against the greenback on expectations of a US rate cut next month, with the central parity rate of the renminbi against the dollar standing at 7.1216 on Wednesday, strengthening from the Aug 13 trough of 7.1479. This year began with the rate at 7.0770 on Jan 2.

Liu Chunsheng, an associate professor at the School of International Trade and Economics, which is part of the Central University of Finance and Economics, said the market has formed a consensus on a weakening US dollar, leading to the recent yuan appreciation.

He said the resistance level for the renminbi against the greenback is anticipated between 7 and 7.05 in the near term, suggesting the yuan appears to be on track for a mild recovery.

Liu cautioned that any significant yuan appreciation could pose considerable risks. "The influx of hot money could impact China's capital markets, leading to certain levels of price increases and associated financial risks. With the yuan appreciating, exports may come under pressure as well."

Liu said that regulatory authorities are unlikely to ignore any sudden substantial appreciation of the yuan. Measures may be taken to moderate such pressures and fluctuations, such as increasing the reserve requirement ratio for foreign exchange deposits to maintain yuan stability without direct exchange rate intervention.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
久久精品30_一本色道久久精品_激情综合视频_欧美日韩一区二区高清_好看的av在线不卡观看_国产自产精品_91久久黄色_午夜亚洲福利_欧美黄在线观看_国内自拍一区
日韩精品乱码免费| 国产欧美丝祙| 波多野结衣视频一区| 国产又黄又大久久| 国产成人综合网| 国产成人激情av| 成人性生交大片免费看中文| 成人免费毛片a| 欧美ab在线视频| 伊人精品成人久久综合软件| 1024亚洲| 色www精品视频在线观看| 在线一区二区三区做爰视频网站| 色婷婷亚洲一区二区三区| 欧美系列一区二区| 欧美一级黄色大片| 国产亚洲欧美日韩在线一区| 国产精品毛片大码女人| 一区二区三区美女视频| 日韩**一区毛片| 国产成人在线视频网址| eeuss鲁片一区二区三区在线观看 eeuss鲁片一区二区三区在线看 | 韩日欧美一区二区三区| 丁香婷婷综合激情五月色| 欧美日韩国产高清一区二区三区 | 亚洲一区二区三区免费在线观看| 亚欧成人精品| 欧美日韩在线播放| 欧美成人激情免费网| 国产精品动漫网站| 日韩激情一区二区| 国产91在线看| 91久久国产自产拍夜夜嗨| 久久九九免费| 精品国产免费视频| 一区二区三区久久| 国产成人av在线影院| 亚洲国产精品久久久久婷婷老年| 色94色欧美sute亚洲13| 精品欧美乱码久久久久久 | 久久精品999| 色综合色狠狠综合色| 亚洲综合丁香| 欧美不卡123| 亚洲v中文字幕| 成人亚洲精品久久久久软件| 日韩五码在线| 日韩免费视频线观看| 一区二区三区高清| 成人黄色免费短视频| 亚洲精品男同| 日韩午夜激情av| 亚洲在线视频一区| 成人免费视频一区| 一本一本久久a久久精品综合麻豆| 欧美成人bangbros| 天天影视涩香欲综合网| 欧美国产先锋| 日韩一区二区免费在线电影 | 99久久久久久| 91国产成人在线| 欧美国产精品劲爆| 国产精品18久久久久| 99精品视频免费| 久久久精品一品道一区| 精品一区二区日韩| 国产日韩欧美一区在线| 久久亚洲二区三区| 激情欧美一区二区三区在线观看| 日韩视频一区| 欧美国产日韩a欧美在线观看| 激情综合网天天干| 久久都是精品| 国产精品午夜在线| 成人精品鲁一区一区二区| 日本韩国一区二区| 亚洲国产精品视频| 国产专区一区| 国产亚洲欧美激情| 成人的网站免费观看| 欧美日韩三级一区二区| 日韩国产成人精品| 久久野战av| 亚洲一区二区在线免费看| 欧美激情 亚洲a∨综合| 欧美大黄免费观看| 国产成人av一区二区三区在线| 91福利精品视频| 亚洲国产成人av网| 亚洲九九精品| 亚洲你懂的在线视频| 国产一区免费视频| 欧美经典一区二区| 欧美日韩国产亚洲一区| 久久精品一区八戒影视| jizz一区二区| 久久一夜天堂av一区二区三区| 成人深夜视频在线观看| 精品日韩99亚洲| 99久久精品99国产精品| 久久久久久久免费视频了| 97久久超碰精品国产| www成人在线观看| 91麻豆精品一区二区三区| 久久久久国色av免费看影院| 99精品黄色片免费大全| 国产拍欧美日韩视频二区| 欧美日本一区| 亚洲日本乱码在线观看| aa级大片欧美三级| 亚洲福利国产精品| 日本韩国一区二区三区视频| 韩国一区二区在线观看| 欧美电影免费观看完整版| 99国产精品一区| 一区视频在线播放| 美女图片一区二区| 国产综合成人久久大片91| 日韩午夜av电影| 91丨porny丨国产入口| 亚洲日本va在线观看| 午夜亚洲性色视频| 精彩视频一区二区三区| 精品国产亚洲在线| 日韩视频精品在线观看| 青青草原综合久久大伊人精品 | 色婷婷av久久久久久久| 久久av老司机精品网站导航| 欧美大片顶级少妇| 亚洲高清二区| 久久99久久久久| 久久嫩草精品久久久精品一| 亚洲第一毛片| 毛片基地黄久久久久久天堂| 日韩精品一区二区三区视频播放| 欧美日本国产| 青青国产91久久久久久| 欧美电影免费观看高清完整版在| 亚洲国产日韩在线| 久久国产三级精品| 欧美精品一区二区不卡| 蜜桃av一区| 波多野结衣在线一区| 亚洲制服欧美中文字幕中文字幕| 91麻豆精品国产91久久久使用方法 | 亚洲国产你懂的| 精品国产91久久久久久久妲己| 亚洲国产电影| 豆国产96在线|亚洲| 一区二区在线观看视频在线观看| 欧美日韩美女一区二区| 国一区二区在线观看| 精品一区二区在线观看| 中文字幕在线视频一区| 欧美无砖砖区免费| 99在线|亚洲一区二区| 国产福利一区二区| 五月婷婷综合网| 国产精品你懂的在线欣赏| 免费亚洲电影| 91美女福利视频| 国产在线视频一区二区| 一区二区三区成人在线视频| 久久久久久久久久久久久久久99 | 欧美一级夜夜爽| 蜜桃伊人久久| 最新日韩欧美| 成人精品免费网站| 久久99久久久久| 亚洲不卡在线观看| 中文字幕一区二区视频| 欧美一区二区三区免费| 91传媒视频在线播放| 中文久久精品| 亚洲成人在线视频网站| 不卡视频一二三| 国产成人精品1024| 麻豆国产一区二区| 视频一区二区三区在线| 日韩美女啊v在线免费观看| 精品福利二区三区| 91精品在线一区二区| 91国偷自产一区二区三区成为亚洲经典 | 亚洲少妇最新在线视频| 久久精品在线免费观看| 精品免费一区二区三区| 欧美日本韩国一区| 在线视频一区二区免费| 校园激情久久| 国产精品社区| 99视频在线精品国自产拍免费观看| 欧美日韩成人一区二区三区| 91在线小视频| 99久久久久免费精品国产| 国产91精品在线观看| 国产精品正在播放| 国产美女精品人人做人人爽| 精品一区二区三区在线观看| 蜜桃免费网站一区二区三区| 日韩高清在线不卡|