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 / Economy

Zhou: Forex drop 'natural after explosive growth'

By Li Xiang (China Daily) Updated: 2016-03-21 11:10

Zhou: Forex drop 'natural after explosive growth'

Zhou Xiaochuan, governor of the People's Bank of China, laughs as he leaves with International Monetary Fund Managing Director Christine Lagarde after a session of the China Development Forum in Beijing on March 30, 2016. [Photo/Agencies]

Money exiting foreign exchange reserves slowed in February, indicating stability of economy, currency

China's central bank Governor Zhou Xiaochuan on Sunday shrugged off concerns about the rapid decline of the country's foreign exchange reserves, saying it is natural to see some capital outflows after years of explosive accumulation.

The recent volatility of the yuan had caused the capital outflows, raising concerns about the decline of China's foreign exchange reserves, which dropped to about $3.2 trillion in February from the record level of nearly $4 trillion in 2014.

Zhou, the governor of the People's Bank of China-or the central bank-said about one-third of China's foreign reserves is short-term capital and it is natural to see profit-seeking speculators leave when they think the timing is appropriate.

"The pace of the outflows has not been surprising, compared to the speed of the inflows in the previous years," Zhou said at the China Development Forum in Beijing.

The country saw a decline of at least $500 billion in its foreign exchange reserves last year. But official data in February showed that the decline had slowed, indicating improved sentiment about the stability of the Chinese economy and the currency.

The central bank governor said China will continue to apply a managed floating exchange rate regime and will adjust the value of the yuan against a basket of currencies based on market supply and demand.

Zhou also said China's foreign exchange policy encourages mid- to long-term investment, rather than short-term speculation.

It has been reported that the Chinese authorities have been mulling the idea of levying a tax on foreign-exchange transactions, know as the Tobin tax, to rein in currency speculation.

Zhou said that China will continue to adopt "macro prudential measures" to prevent excess overseas borrowing by companies and the potential risk of currency mismatch.

The chief banker also warned about China's high corporate debt, saying the country should develop its capital markets and channel more savings into the market to reduce the corporate debt leverage through equity financing.

On Sunday, International Monetary Fund Managing Director Christine Lagarde said at the forum that China has a key role to play in the process of establishing a stronger and safer international monetary system, which is of paramount importance in reducing financial risks.

Lagarde said China is in the process of "multilayer transformation", which is going to be good for China as well as the world. But she warned that the road will be bumpy.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美日韩一级二级三级 | 国产中文字幕在线播放 | 国产在线观看免费 | 日韩毛片久久91 | 老司机午夜性生免费福利 | 成年人网站在线观看视频 | 看片日韩 | 99毛片| 免费永久在线观看黄网 | 国产成人精品免费视频网页大全 | 久久男人天堂 | 久久亚洲精品中文字幕二区 | 日本特级淫片免费看 | 国产精品国内免费一区二区三区 | 一级全黄视频 | 久久久久一区二区三区 | 欧美成人毛片 | 欧美6699在线视频免费 | 午夜性爽快免费视频播放 | 久久综合一区二区三区 | 欧美日韩ay在线观看 | 亚洲欧美一区二区三区久本道 | 91精品网站| 久久综合亚洲一区二区三区 | 亚洲自偷自偷图片在线高清 | 自拍 亚洲 欧美 | 精品在线播放视频 | 国产中文字幕在线免费观看 | 日本xxxxx久色视频在线观看 | a一级| 免费伦费一区二区三区四区 | 国产成人小视频 | 日本美女作爱 | 久久精品国内一区二区三区 | 成人a视频 | 一个人看的免费观看日本视频www | 亚洲自偷自拍另类12p | 91av视频 | 国产乱理片在线观看夜 | 国产毛片一区二区三区精品 | 日日操夜夜爽 |