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

chinadaily.com.cn
left corner left corner
China Daily Website

Yuan funds for foreign exchange dip in July

Updated: 2012-08-15 09:18
( Xinhua)

BEIJING -- China's yuan funds outstanding for foreign exchange fell to 25.66 trillion yuan ($4.07 trillion) at the end of July, down nearly 3.82 billion yuan month-on-month, the central bank said on Tuesday.

The fall was a result of the country's shrinking foreign trade and foreign direct investment amid global economic woes, according to a statement on the website of the People's Bank of China.

The nation's trade surplus stood at $25.15 billion in July, far less than market expectations of 34.3 billion. Export growth edged up 1 percent in July from one year earlier, but fell 1.8 percent month on month.

The country's foreign direct investment fell to a 6-month low of $59.1 billion in June.

The dip in yuan funds outstanding for foreign exchange is also a strong indication of speculative capital flowing out of the country amid the sovereign debt crisis in Europe, the economic slowdown in the United States and rising expectation of a weaker yuan, analysts said.

The yuan, China's currency, has depreciated 1.93 percent since the start of 2012.

China's slowing economy has raised concerns over its growth prospects, and has to some extent accelerated the exodus of foreign capital from the world's second-largest economy.

The country's gross domestic product grew by 7.6 percent year-on-year in the second quarter of 2012, the slowest pace in almost three years.

Lian Ping, chief economist for the Bank of Communications, said the nation's yuan funds outstanding for foreign exchange will dive to around 1 trillion yuan in 2012, down from 2.78 trillion yuan last year.

Market liquidity is influenced by the amount of yuan funds outstanding for foreign exchange, which in turn decides the amount of yuan funds that the central bank had to inject to offset the same amount of foreign exchange inflow from trade surplus and overseas speculative money, as yuan remained inconvertible under the capital account.

The fall in July triggered worries over tighter liquidity and strengthened expectations of further cuts in reserve requirement ratios.

The country's slowing inflation has provided room for policymakers to further ease monetary policies, according to analysts.

Lian predicted the nation will cut reserve requirement ratios one to three times more during the rest of the year, each by 50 basis points, in order to pump more liquidity into the market and achieve the 14-percent money supply growth target set for this year.

...

...
...
主站蜘蛛池模板: 亚洲精品理论 | 久久国产视频在线观看 | 久久中文字幕久久久久91 | 亚洲男同视频网站 | 美国一级片在线 | 国产成人影院一区二区 | 毛片视频免费观看 | 国产精品_国产精品_国产精品 | 欧美成年视频 | 伊人婷婷色香五月综合缴激情 | 99久久这里只精品国产免费 | 国产一区二区影院 | 99久久精品国产免看国产一区 | 国产精品三级在线观看 | 成人合集大片bd高清在线观看 | 精品一区二区三区在线播放 | 欧美日韩一区二区三区视频 | 欧美日本一区二区三区 | 人成18亚洲资源在线 | 成人亲子乱子伦视频 | 女人又黄的视频网站 | 国产亚洲精品久久久久久久 | 无毛片| 亚洲一区二区三区久久久久 | 黄色网址在线免费看 | 男女视频免费 | 日韩三级一区 | 香蕉99国内自产自拍视频 | 亚洲小视频在线播放 | 欧美在线观看不卡 | 一区二区在线免费视频 | 亚洲天堂手机在线 | 亚洲精品第一区二区在线 | 直接看的毛片 | 亚洲综合日韩精品欧美综合区 | 99久久国产免费中文无字幕 | 亚洲欧美激情在线 | 乱人伦中文字幕视频 | 欧美极度极度另类 | 亚洲男人的天堂在线视频 | 香蕉久久夜色精品国产 |