Implementation OF THE MANAGED floating SYSTEM IS the ESTABLISHED POLICY OF our COUNTRY, further to promote the formation mechanism reform is still the continuation of this policy.
Three principles of exchange rate reform: initiative, controllability and gradual principle.
Established in July 2005, adjusted on the basis of market supply and demand, reference, managed floating exchange rate system is according to the third plenary session of the third plenary session of the 14th and 16th spirit, according to the development strategy of China’s national conditions and make the right choice, is to deepen the reform and opening to the outside world, especially after the accession to the WTO to adapt to the new development and the inevitable requirement of open structure,
It is also an important part of the socialist market economic system and conforms to the requirements of the scientific outlook on development.
