ប្រាក់យន់បានធ្លាក់ចុះដល់កម្រិតទាបរយៈពេលប្រាំឆ្នាំធៀបនឹងប្រាក់ដុល្លារអាមេរិក
Economists are debating the implications of the yuan falling to its lowest level against the US dollar for five years.
The Chinese currency dropped from 6.549 to the dollar on Friday to 6.589 on Wednesday.
The yuan-dollar rate has been in the spotlight since US Federal Reserve Chairwoman Janet Yellen said last week that higher interest rates would be “appropriate” in coming months.
Lian Ping, chief economist at the Bank of Communications, said the downward pressure may continue to mount in coming weeks, but added, “Compared with other new economies, the depreciation of the yuan is not that significant.”
Cao Yuanzheng, chief economist at Bank of China, said US interest rates will not see a major increase and the yuan will not “continue a process of depreciation”.
“People will need more data to tell if the recovery in the United States is strong enough,” Cao said.
If US interest rates rise, this will have some short-term influence on China and the Chinese capital market, but “won’t leave lasting pain“.
Cao said that if changes in the US result in a serious capital flight, the Chinese government does not lack self-protection measures.
Regarding the policy tools that China may use to cope with a major capital flight, it is too early to make a prediction, Gao added. Judging from the situation now, “it is obvious that the People’s Bank of China has no intention to take further steps“.
Definition and examples
Implications of the Yuan ផលប៉ះពាល់នៃការធ្លាក់ចុះប្រាក់យន់
US Federal Reserve Chairwoman ប្រធាន (ស្ត្រី ) ផ្នែកមូលនិធិបំរុងសហព័ន្ធអាមេរិក
The spotlight ចំណុចនៃការយកចិត្តទុកដាក់
Chief economist ប្រធានសេដ្ឋវិទូ
Downward pressure សម្ពាធនៃការធ្លាក់ចុះ
Continue to mount បន្តកើនឡើង
Depreciation of the Yuan ការធ្លាក់ចុះប្រាក់យន់
Have some short-term influence មានឥទ្ធិពលរយៈពេលខ្លី
Leave lasting pain ទុកអោយមានការឈឺចាប់យូរអង្វែង
Serious capital flight ការកើនឡើងខ្ពស់នៅនៃមូលធន
Lack self-protection measures ខ្វះវិធានការការពារខ្លួន
Cope with a major capital flight ទប់ទល់នឹងការកើនឡើងមូលធនធំ
Be early to make a prediction ធ្វើការព្យាករឆាប់ពេក
Have no intention to take further steps មិនមានបំណងចាត់វិធានការបន្ថែម
Translated and taught by Sin Sidara