renminbi internationalization, to reduce reliance on the dollar.Foreign

Ministry spokeswoman Hua Chunying on Saturday urged the United Kingdom to im上海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.上海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上海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上海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上海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上海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.

上海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上海419论坛女神会所

ontinue the foreign exchange reform, towards a more flexible and market-oriented regime.

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