简介:InJuly2005,thePeople'sBankofChinaof-ficiallyannouncedthatitwouldadoptaman-ageablefloatingexchangerate,adjustedac-cordingtoabasketofcurrenciesbasedonmarketsupplyanddemand.Onthatday,theexchangerateoftheRMBtotheU.S.Dollarincreasedby21percent,andsincethentheRMBexchangeratehasgraduallyturnedtoamoreflexibleex-changerateconvention,ratherthanfocusingon
简介:ThePeople'sBankofChinahasannounceditsintentiontoraisethedepositreserverateagain,lessthanonemonthafterthelastrateincrease,thismeansthatthedepositreserveratehasincreasedatotaloftentimesthisyear.However,thistimethecentralbankincreasedthedepositre-serveratebyafull1percent,abiggerincreasethanthelastnineadjustmentsof0.5percent.Afterthelatestincrease,
简介:In2003theinternalandexternalenvironmentsofChina′sforeigntradearebetterthanthosclastycar,butsomerestrictionsstillremain.Itisratherdiffieultforexportgrowthratetokeepashighaslastyear,butthere,arestillalotofbeneficialelementsforimportandexporttoachievearelativelyhighgrowthrate,