Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchFAQLog inRegister
YOU MUST Sign in with your USERNAME to POST
Follow us on TWITTER
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 
 

 No basis for 'further depreciation' of currency: China

View previous topic View next topic Go down 
AuthorMessage
RamblerNash
GURU HUNTER
GURU HUNTER
avatar

Posts : 8880
Join date : 2015-02-19

PostSubject: No basis for 'further depreciation' of currency: China   Tue Apr 19, 2016 9:28 pm

No basis for 'further depreciation' of currency: China


By PTI | 17 Apr, 2016, 02.33AM IST


China said there is no basis for "further depreciation" of its currency but asserted that it would continue to pursue market-based exchange rate reform.



"There is no basis for persistent RMB depreciation. China will continue to pursue market-based exchange rate reform and maintain the RMB exchange rate basically stable at a reasonable and equilibrium level," Xiaochuan Zhou, Governor People's Bank of China, said in his address to the International Monetary Financial Committee.

Zhou said recent movements in the Renminbi (RMB) exchange rate reflected well, the managed floating exchange rate regime based on market supply and demand and with reference to a currency basket.

The RMB has remained basically stable against a basket, he said, adding that at present, China still runs a large current account surplus, inflation remains at a low level, growth remains relatively strong and international competitiveness stays strong.

In his address, Zhou asserted that since the beginning of 2016, growth in China has remained firm, with key indicators showing signs of improvement.

GDP grew by 6.7 per cent in the first quarter year-on- year, with retail sales of consumer goods posting a stable year-on-year growth of 10.7 per cent, he said.

"China, in a 'New Norm' of medium-to-high growth, continues to make notable contribution to global growth," Zhou said, adding that China's real GDP growth rate was 6.9 per cent in 2015, within the target range and fairly high globally, contributing 25 per cent to global growth.

While the economy is slowing down, its structure and quality have improved, he said.

Zhou said the growth drivers have remained strong and sound fundamentals will continue to support long-term growth.

"There is a strong basis to turn massive savings into investment demand and the progress in industrialisation and urbanisation will generate fresh demand for investment and consumption," he said.

"As a middle-income country, China's per capita income has a large potential to continue growing. Furthermore, the government has adopted a series of measures, such as market opening-up, mass entrepreneurship and innovation, high- technology industry development, structural adjustment, as well as reform and development of the capital market and the banking system, all of which will inject fresh vitality to the economy," Zhou asserted.

"We expect the cumulative effects of policies aimed to maintain growth, adjust structure and deepen reforms will sustain a medium-to-high growth and ensure a contribution to the global growth compatible with the size of the Chinese economy," he said.


http://economictimes.indiatimes.com/news/international/business/no-basis-for-further-depreciation-of-currency-china/articleshow/51860394.cms
Back to top Go down
View user profile
Kevind53
Super Moderator
Super Moderator
avatar

Posts : 24983
Join date : 2011-08-09
Age : 18
Location : Umm right here!

PostSubject: Re: No basis for 'further depreciation' of currency: China   Wed Apr 20, 2016 12:17 am

But Bruce and his cronies just said they went to a Gold standard and are now the most powerful currency in the world. Must be propaganda put out by the evil western banksters, after all, pooroos wouldn't lie would they?

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

       
Back to top Go down
View user profile Online
Ponee
Admin
Admin
avatar

Posts : 34002
Join date : 2011-08-09

PostSubject: Re: No basis for 'further depreciation' of currency: China   Sat Apr 23, 2016 11:31 am

.

*****************
Back to top Go down
View user profile
 
No basis for 'further depreciation' of currency: China
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Dinar Daily :: OTHER INVESTMENTS :: OTHER CURRENCIES - DONG - ZIM - YUAN - etc-
Jump to: