Li Keqiang: Stable RMB exchange rate is a contribution to the global economy
By admin at 6 March, 2010, 3:13 am
closed on January 31 Annual Meeting of the World Economic Forum. It passed the stormy debate on reviving the global economy, reform of the global management system and development of emerging economic entities. Great attention was focused on the issue of the RMB.
Vice Premier Li Keqiang in conversation with well-known businessmen in Davos, said that the stabilization of China"s RMB on a rational and balanced level is a contribution to the global economy.
Li Keqiang said that "China"s exchange rate against the Chinese yuan is a permanent and responsible. We will continue to improve the mechanism of reforming the RMB on the principles of initiative, controllability and gradual, and keep the RMB exchange rate at rational and balanced level."
Li Keqiang said that the international financial crisis has dealt a serious blow to the economy of various countries, including China. The decline in the economy of China was first recorded in Poberezhnyi areas of China, which suffered from a sharp decline in exports.
Li Keqiang said that because of reduced external demand and lower exports, the Chinese Government has decided to pursue an active fiscal policy and a moderately relaxed monetary policy, which aims to expand domestic demand and stimulate consumption, especially consumption. Last year, China"s exports fell by 16 percent, while imports reached $ 1 trillion, down only 11.2 percent. China"s GDP increased by 380 billion dollars, which softened the fall in GDP of the world.
Domestic demand in China has played an important role in the stabilization and reconstruction of the world economy and the expansion of domestic demand associated with the stabilization of the Chinese yuan.
Li Keqiang said that although China"s economy began recovery in a short time, but remain uncertain and unstable factors of the global economy. Maintaining a stable and relatively rapid economic growth remains a major challenge in China this year.
Entrepreneurs, for their part, noted that China has maintained rapid economic growth in the global economic depression, the development of China has contributed to the restoration of the world economy.
Cheap Mortgages Davos World Economic Forum in Davos of the many global issues clearly responded to only one ...
Bankers are retreating in the face of criticism in Davos
Dollar depreciated - a review of cash markets
Fog over
Speculative recommendation on shares of Norilsk Nickel, Gazprom, Lukoil, Sberca4bank and VTB
Recommendations on the shares of Gazprom, Rosneft, Surgutneftegaz, Transneft, RTS Index futures and oil
Higher global inflation and investment risks continue to limit the possibility of growth of quotations, including index MICEX
Dollar exchange rate to the ruble today on the MICEX was 30.41 rubles
The main negative factors in the oil market are U.S. dollar and the psychological and technical level of $ 80 a barrel
No comments yet.