stable policy to boost exports
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Stable policy to boost exports

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleStable policy to boost exports

Beijing - Xinhua

China will maintain a stable policy to help exports grow, the Ministry of Commerce said yesterday, adding there is acknowledgment the value of the yuan is within an appropriate range. Shen Danyang, a ministry spokesman, stressed the value of the Chinese currency is not unfairly low as China\'s trade with 90 percent of its more than 200 trading partners is balanced. \"China\'s trade is broadly balanced. It indicates the problem does not exist with the Chinese currency or China\'s export policy,\" Shen said. The ministry will roll out active measures to maintain a stable export policy in a bid to ensure exports grow steadily. It will also launch new policies to create a more balanced trade. Shen said the International Monetary Fund indicated previously that the yuan\'s value is within an appropriate range. The ministry pointed out that China\'s trade surplus is definitely not the world\'s largest, compared with that of Germany. It stood at US$183 billion in 2010 and may fall to US$150 billion this year, close to Russia\'s. In contrast Germany\'s surplus totaled more than US$200 billion. By another comparison, China\'s surplus accounted for less than 3 percent of its gross domestic product last year. It dropped to 1.4 percent of GDP in the first 10 months of this year. Germany\'s surplus accounted for nearly 6 percent of its GDP and Russia\'s was 10 percent of its GDP. Both these countries\' surpluses were higher than the global average of 3 percent for a balanced trade, Shen said. China\'s exports grew an annual 15.9 percent in October, the slowest pace in eight months amid a worsening global economic climate, a rising yuan and higher labor costs, the General Administration of Customs said.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

stable policy to boost exports stable policy to boost exports

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 08:32 2011 Monday ,25 July

Sabri accuses Yusri in Souad Hosni’s murder

GMT 12:07 2014 Monday ,03 February

Home design ideas

GMT 11:20 2017 Thursday ,02 March

Mexico central bank cuts growth outlook over Trump

GMT 08:31 2017 Tuesday ,28 November

Bangladesh upholds death sentence for 139 soldiers

GMT 14:33 2017 Thursday ,20 April

US defense secretary vows support for Egypt's Sisi

GMT 16:12 2017 Wednesday ,20 December

Myanmar bars UN rights investigator just before visit

GMT 08:21 2017 Wednesday ,30 August

United Technologies near deal to buy Rockwell Collins

GMT 18:27 2017 Friday ,21 April

ARCO condemns targeting of ERC convoy in Somalia
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle