mi fan festival 2021 aliexpress 2mi fan festival 2021 aliexpress 2
WOVOW - Chinese Gadgets Reviews and Deals
Best Daily Deals
No Result
View All Result
  • Coupons
  • Promotions
  • Our reviews
  • Reviews
  • Leaks
  • Phones
  • Wearable
  • Hi-tech
    • Tablets
    • Projectors
    • TVs
    • Notebooks
    • Cameras
    • Drones
  • Support Us
  • Coupons
  • Promotions
  • Our reviews
  • Reviews
  • Leaks
  • Phones
  • Wearable
  • Hi-tech
    • Tablets
    • Projectors
    • TVs
    • Notebooks
    • Cameras
    • Drones
  • Support Us
No Result
View All Result
WOVOW - Chinese Gadgets Reviews and Deals
No Result
View All Result
Home Economics

Bank of China said the yuan volatility

by Daniel Brown
2014/03/17
in Economics, HOME
1 min read
0
0
SHARES
22
VIEWS
Share on FacebookShare on Twitter

PBOC increased the allowable fluctuation of the yuan within a single trading session from 1% to 2 %. The report said the regulator that this change should increase the transparency of the monetary system and increase the flexibility of the exchange rate.

Changes will take effect from Monday. However, it is worth noting that such actions were quite expected . First, China has announced last year that prepares various financial reforms .

In part, we have already witnessed some changes – it is a first in the history of the PRC corporate defaults . As for the currency , since the beginning , the Central Bank began its systematic weakening and now expanded the boundaries of hesitation.

This step shows that the economy is stable and feels China is ready to carry out reforms in accordance with the plan .

As always, there is a downside . Some experts , for example , believe that the increased volatility of the yuan will not help to increase the role of the Chinese currency in international trade.

At the same time , Chinese companies will now have to discover a new operation – foreign currency hedging .

Since the beginning of this year, the yuan fell against the dollar by 1.6% already . This is partly attributed to the slowdown of the Chinese economy , which contributes to an outflow of capital from the country. On the other hand, the authorities deliberately China weakened currency to help exporters . Additional pressure on the currency situation created with corporate defaults and a collapse of quotations of copper, which is widely used in China as collateral for loans.

Tags: bankChinayuan
ShareTweetPin
fimi sale aliexpress 2fimi sale aliexpress 2

Related Posts

Xiaomi Redmi Note 4 review new smartphone from China
Hi-tech

Xiaomi Redmi Note 4 review new smartphone from China

2016/09/16
Review Ulefone U007: smartphone in style of Bond
Hi-tech

Review Ulefone U007: smartphone in style of Bond

2016/06/25
LG G5 SE will be a light version LG G5 for the CIS, China and Latin America
Hi-tech

LG G5 SE will be a light version LG G5 for the CIS, China and Latin America

2016/04/13
Leave Comment

POPULAR THIS WEEK

What Is GetApps On Xiaomi Smartphone? How Can You Download or Delete It?

What Is GetApps On Xiaomi Smartphone? How Can You Download or Delete It?

2020/06/21
Haylou GT1 XR First REVIEW: Are These Earbuds Better Than GT1?

Haylou GT1 XR First REVIEW: Are These Earbuds Better Than GT1?

2020/07/03
Redmi AX5 vs Xiaomi AX1800: Which Wi-Fi 6 Router Is Better?

Redmi AX5 vs Xiaomi AX1800: Which Wi-Fi 6 Router Is Better?

2020/06/09
Ninebot GoKart Pro First REVIEW: Racing Electric Kart 2020!

Ninebot GoKart Pro First REVIEW: Racing Electric Kart 2020!

2020/06/01
mi fan festival 2021 aliexpressmi fan festival 2021 aliexpress
fimi sale aliexpresfimi sale aliexpres
super deals aliexpress 2021super deals aliexpress 2021
  • Home
  • Sitemap
  • Contact
  • About us

©2020 WOVOW.org | All rights reserved.

No Result
View All Result
  • Coupons
  • Promotions
  • Our reviews
  • Reviews
  • Leaks
  • Phones
  • Wearable
  • Hi-tech
    • Tablets
    • Projectors
    • TVs
    • Notebooks
    • Cameras
    • Drones
  • Support Us

© WOVOW.org | All rights reserved.