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renminbi internationalization, to reduce reliance on the dollar.Foreign
Ministry spokeswoman Hua Chunying on Saturday urged the United Kingdom to im亚博足球app官网419论坛
mediately stop interfering in China’s internal affairs and stop making random and inflammatory accusations on Hong Kong.
“It is simply wrong for the British government to directly call Hong Kong’s Chief Executive to exert pressure,” Hua said in an online statement.亚博足球app官网419论坛
Hong Kong today is a special administrative region of the People’s Republic o
f China, long gone are the days when it was under British colonial rule, the spokeswoman added.
Noting the UK has no sovereignty, jurisdiction or right of supervision over Hong Kong, Hua said that亚博足球app官网419论坛女神会所
affairs of Hong Kong brook no foreign interference.
According to the Basic Law, the central government shal
l亚博足球app官网419论坛 be responsible for the foreign affairs relating to the Hong Kong SAR, she added.
Echoing Chen’s view, Zhou Xiaochuan, chairman of the China Institute of Finance an
d former central bank governor, said at the CF40 forum on Saturday that China may have to take co亚博足球app官网419论坛女神会所
untermeasures in face of any tariff or non-tariff barriers imposed against the country.
According to IMF’s press release on Friday, the IMF Executive Directors concur亚博足球app官网419论坛
red that greater exchange rate flexibility and deeper and better functioning foreign exchange markets w
ould help China’s financial system be more capable of dealing with capital flow volatility.
亚博足球app官网419论坛女神会所”At about US$3.2 trillion, China’s foreign currency reserves remain more than adeq
uate to allow a continued transition to a floating exchange rate,” the IMF report said.
Yu from the CASS agreed, and he suggested that the Chinese monetary authority c亚博足球app官网419论坛女神会所
ontinue the foreign exchange reform, towards a more flexible and market-oriented regime.