WASHINGTON, July 28 -- International Monetary Fund (IMF) said on Friday that the China's Renminbi exchange rate is broadly consistent with fundamentals and desirable policies.
"The renminbi, despite moving closer to the level consistent with overall assessment, remained broadly in line with fundamentals and desirable policies," said the IMF in its latest External Sector Report released on Friday.
According to the report, in 2016, the average real effective exchange rate (REER) depreciated by about 5.1 percent compared to 2017, reflecting in part the strengthening of the U.S. dollar.
China's policies that was put in place to stabilize the growth has led to recent appreciation of the RMB, and helped to ease capital outflows and foreign exchange reserve loss, Luis Cabeddu,
IMF research department's division chief said at a press briefing on Friday.
In regard to China's external sector, the IMF said that China' s external imbalances have declined considerably since the global financial crisis.
China's current account surplus declined to 1.7 percent of GDP in 2016, falling substantially from its peak of about 10 percent of GDP in 2007, according to the IMF.
The IMF expected that China's current account surplus will continue to be narrowed if the country continues to implement reforms.
Despite the declines in foreign exchange reserves in 2017 and 2016, the IMF estimated that China's current level of forex reserves to be adequate.
The IMF warned that China may face potential risks of protectionist policies by its key trading partners in the future.
In order to further reduce imbalances, the Washington-based institution suggested China to improve the social safety net, create a more market-based and robust financial system, and take measures to attract more foreign direct investment.
国内英语资讯:Unusual virus strains cause flu outbreak in China: official
“全球最热”的撒哈拉沙漠下雪了,积雪厚度近半米
体坛英语资讯:Zidane not backing down over need for signings
国内英语资讯:6th Lancang-Mekong Cooperation Senior Officials Meeting paves way for Summit
这位亲自上阵展示卖家秀的店主火了!连外国网友都来点赞
国内英语资讯:Xi orders armed police to uphold CPCs absolute leadership
体坛英语资讯:Yeovil prepare to take on mighty Man United in FA Cup fourth round
国内英语资讯:China requires close monitoring on flu outbreak
国内英语资讯:China pleased to see talks between ROK and DPRK
体坛英语资讯:Sweet talking to Heynckes reflects Bayerns trouble finding a new coach
相逢不如错过?盘点那些被夸大的世界著名景点(组图)[1]
国际英语资讯:U.S. bombers to take part in exercise in Lithuanian skies
美法院阻止川普终止保护年轻移民的决定
国内英语资讯:China, France agree to inject new impetus into ties
国际英语资讯:Egypts Sisi urges to solve structural problems in economic development
国内英语资讯:China to step up supervision over prosecutors
国内英语资讯:No large-scale oil spill found after east China coast vessel collision
国际英语资讯:Catalan separatist parties agree to re-elect Puigdemont leader
国际英语资讯:DPRK reopens military hotline with South Korea in west region
共享经济时代的赢家和输家
全球气温升高2度 四分之一将变沙漠
冰箱都能开始聊天了,三星这波设计666啊
“狗狗币”市值突破20亿美元!没错,就是大家熟知的那个Doge
国内英语资讯:China hopes for more exchanges with Nordic, Baltic countries
英文中这些奇怪的外来俗语
国际英语资讯:Irans top leader blames U.S., Israel for inciting recent unrests
体坛英语资讯:Fines for sexual discrimination proposed for major Spanish tennis tournament
中国城市步行评价报告出炉 四川巴中位居第一
国内英语资讯:China air force stages real combat training
美国将终止萨尔瓦多人临时庇护待遇
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |