www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Policy fears mount as FX reserves increase

By GAO CHANGXIN/XIE YUE (China Daily) Updated: 2014-06-13 07:09

China's rapid accumulation of foreign exchange reserves is leading to difficulties in steering economic policy, analysts and officials with the foreign exchange regulator said on Thursday.

The nation will keep reserves at a "reasonable" level, officials of the State Administration of Foreign Exchange said in an online interview.

Policy fears mount as FX reserves increase
China grants more investment quotas to QFII,RQFII 

"The excessively large foreign exchange reserves increase domestic money supply and create potential domestic inflation pressure," said Huang Guobo, chief economist of the SAFE. "They also put more pressure on the central bank to raise reserve requirement ratios and sterilize (inflows)."

Foreign currency reserves account for more than 80 percent of the central bank's assets, leading to an asset-liability mismatch that generates foreign exchange risks, Huang said.

Reserves reached $3.95 trillion at the end of March, having surged from $3.82 trillion at the end of 2013, official data released in April showed. The increase reflected continued trade surpluses and steady inflows of capital.

A rise in capital inflows and foreign direct investment last year forced the People's Bank of China to purchase foreign currency, partly to stop the yuan from appreciating. China's exports rose 7 percent year-on-year to $195.47 billion in May.

Xu Hongcai, a senior economist with the China Center for International Economic Exchanges, said he believed that $1 trillion would be sufficient for the nation's foreign exchange reserve.

He urged officials to focus on balancing the country's international payments so that reserves won't get even bigger.

"The fact that senior leaders acknowledge that the country's foreign exchange reserves are too big marks a historic change. Previously, many people believed that 'bigger was better' when it came to foreign reserves," said Xu.

Policy fears mount as FX reserves increase

Policy fears mount as FX reserves increase

China's forex reserve to hit $4t: report China's headache in cutting forex reserves

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 99在线观看视频免费精品9 | 中文在线视频 | 欧美在线观看一区 | 亚洲精品91香蕉综合区 | 国产成人精品一区二三区在线观看 | 国内精品线在线观看 | 99成人国产精品视频 | 久久国产成人福利播放 | 日本高清在线不卡 | 欧美一级精品高清在线观看 | 国产香蕉尹人综合在线观 | 精品免费久久久久国产一区 | 亚洲欧美另类在线视频 | 亚洲另类激情综合偷自拍 | 男人天堂网站在线 | 国产精品合集久久久久青苹果 | 欧美在线精品一区二区三区 | 亚洲 欧美 成人日韩 | 最新色网址 | 久久久久国产精品美女毛片 | 91精品国产91 | 国产一区二区三区成人久久片 | 一区二区三区四区五区六区 | 欧美日韩一区二区三区四区在线观看 | 国产一区二区三区免费看 | 日韩欧美一区二区三区久久 | 午夜日本一区二区三区 | 黄视频在线免费看 | 国产第四页 | 国产性大片黄在线观看在线放 | 免费在线亚洲 | 亚洲一级免费视频 | 15—17女人毛片 | 欧美色欧美亚洲高清在线视频 | 怡红院男人的天堂 | 日韩最新中文字幕 | 99国内视频| 美国欧美一级毛片 | 影院成人区精品一区二区婷婷丽春院影视 | 中文国产成人精品久久96 | 日本一级做人免费视频 |