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Crossover: What are changes of reform in exchange rates

06-20-2011 09:10 BJT

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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

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