CCTV.com - CNTV English - CCTV News

Crossover: What are changes of reform in exchange rates

06-20-2011 09:10 BJT

Watch Video

Play Video

For more on the currency exchange policies, CCTV was joined on the line by Professor Liu Baocheng, from the University of International Business and Economics.

Q1: Hello, professor, firstly have we seen any improvements or changes with regards to reform in exchange rates and how have we seen that reflected in international trade and the real economy?

Q2: There has been less pressure recently from the international community for more appreciation in China's yuan, however domestically, rises in inflation have prompted some analysts to say the currency does indeed need to appreciate further. What's your view on this?

One-year reform pushes yuan rise
China's yuan has hit a fresh high against the US dollar since the central bank launched the reform of its currency's exchange rate mechanism one year ago. The World Bank has forecast that the yuan will likely spell the end of the US dollar's dominance of the global financial system by 2025. Full Story>>

Editor:Shi Jierui |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program