免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

RMB will witness obvious appreciation trend in 2007, and is likely to appreciate by large degree, said Yu Yongding, a member of Chinese central bank's monetary policy committee.

An exchange store staff shows a Chinese RMB$100 banknote) and a US$100 banknote in Hong Kong.[filephoto]

The central government has been trying to avoid hurting export firms too much by RMB exchange rates, but fluctuation of exchange rates should abide by the reality, Yu said Friday at a forum on foreign trade.

"We must implement contractive monetary policy to contain the overheating investment," Yu said.

According to him, China's monetary policy was not tight enough in the past months, which encouraged the investment growth. At present, the ratio of China's investment to gross domestic product has climbed to the world's record of 48.6 percent, and continue to climb.

Short supply of RMB is another factor, he said. As a nation with the largest foreign exchange reserve in the world, China is increasing the issue of central bank bonds to restrain the rapid growth of its basic currency, which will cause tight supply of RMB.

The devaluation of U.S. dollar this year may also cause RMB appreciation, he said. As RMB is linked to a basket of foreign currencies, literally a change of any currency in the basket is likely to bring a change in the rate of yuan to dollar and other major currencies.