Arab Today, arab today china\s central bank set the yuan central parity rate
Last Updated : GMT 21:55:53
Arab Today, arab today
Arab Today, arab today

Lagarde 'satisfied' with China talks

China\'s central bank set the yuan central parity rate

Arab Today, arab today

Arab Today, arab today China\'s central bank set the yuan central parity rate

French finance minister Christine Lagarde (R) talks to Chinese Foreign Minister Yang Jiechi
Beijing - AFP

French finance minister Christine Lagarde (R) talks to Chinese Foreign Minister Yang Jiechi French finance minister Christine Lagarde said Thursday in an interview with AFP that the appreciation of China\'s yuan against the dollar was a \"positive movement\" and should continue .
Beijing, which tightly controls the value of its currency, has allowed the unit to strengthen more than five percent against the dollar since pledging a year ago to let it trade more freely following intense international pressure.
\"This is a positive movement and I think this movement of appreciation must continue,\" Lagarde, a top contender to be the International Monetary Fund\'s first female managing director, said on the final day of her trip to Beijing.
China faces growing calls from major trade partners, including the United States and Europe, to let the yuan strengthen at a faster pace.
Critics claim the currency is grossly undervalued, making Chinese exports artificially cheap and giving domestic manufacturers an unfair advantage.
On Thursday, China\'s central bank set the yuan central parity rate -- the midpoint of the currency\'s allowed trading band -- at 6.4830 to the dollar, weaker than Wednesday\'s rate of 6.4795.
Lagarde later told reporters that the IMF would help China achieve its oft-stated goal of making the yuan more widely used overseas but noted the process should be gradual.
\"The IMF will indeed contribute to the internationalisation and will help in facilitating the process,\" she told a news conference.
\"The process has already begun .. gradually, not in a revolutionary fashion, not just overnight because I think such changes that are welcome should take place over time.\"
Lagarde, a 55-year-old former international lawyer, spent the day Wednesday meeting senior Chinese officials after a similar visit to India, as she tries to persuade sceptical emerging economies to back her IMF bid.
China, India and other emerging nations have baulked at Europe\'s traditional lock on the leadership of the Washington-based IMF, calling the arrangement outdated, and so far have been non-committal in public about her bid.
\"I am very satisfied with the meetings I\'ve had in China,\" Lagarde told AFP.
\"I have a very positive feeling following these talks, but it\'s up to them to convey their decision,\" she said.
Lagarde met Foreign Minister Yang Jiechi, central bank governor Zhou Xiaochuan, Finance Minister Xie Xuren and Vice Premier Wang Qishan -- China\'s top official on financial affairs.

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*

Arab Today, arab today china\s central bank set the yuan central parity rate Arab Today, arab today china\s central bank set the yuan central parity rate

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:20 2017 Friday ,17 February

Samsung heir arrested in corruption probe

GMT 10:26 2017 Thursday ,16 February

Dollar, equities stutter in Asia after Trump rally

GMT 08:45 2017 Thursday ,16 February

Hanjin saga reveals S.Korea corporate governance flaws

GMT 09:40 2017 Wednesday ,15 February

Heineken profits drained in 2016 by currency turmoil

GMT 09:10 2017 Tuesday ,14 February

Sharjah Chamber Eyes Strong Economic Ties with Belgium

GMT 08:23 2017 Tuesday ,14 February

Toshiba dives on shock loss-reporting delay

GMT 08:18 2017 Tuesday ,14 February

Banker-financier Mnuchin sworn in as US Treasury chief
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday