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

China's forex reserves rise to $3.22 trillion

(Xinhua) Updated: 2016-05-07 13:35

China's forex reserves rise to $3.22 trillion

A residents shows China's yuan and US dollar banknotes in Qionghai, South China's Hainan province, Jan 7, 2016. [Photo/Xinhua]

BEIJING - China's foreign exchange reserves ended April at $3.2197 trillion, up $7.1 billion from March and beating market expectations of 3.20 trillion.

This marked a second month of increases following the unexpected rise in March that put an end to a falling streak since November, according to data from the People's Bank of China.

"A second month of rising reserves shows fears of cascading capital outflows are disappearing into the rear view mirror," said a research note by Bloomberg economists Tom Orlik and Fielding Chen.

Until recently, concerns about capital outflows had been on the rise as the economy slowed and the Chinese currency had fallen since China revamped its forex mechanism last year.

But resumed stability in international financial markets and positive signs in the domestic economy have reduced the pressure of capital outflow since the start of this year.

The Bloomberg economists attributed the relative stability in the reserves to a stable yuan, which dropped 0.38 percent against the US dollar over the month, and rising property prices and stable equity markets that have given speculators a domestic asset to park their wealth in.

Signs of returning life in the real economy and policymakers' assurance on yuan stability also played a role.

The strength of the US dollar has been weakening following the dovish stance of the US Federal Reserve, enabling the yuan to hold steady. On the domestic front, increasing signs of firming recovery in China's economy also supported the currency's strength.

However, the Bloomberg economists pointed out that as anticipation of a Fed move builds dollar strength in the months ahead, China's central bank will face the more difficult task of managing the yuan without triggering a fresh round of market panic and capital exit.

They forecast the yuan will end 2016 at 6.67 against the US dollar.

Saturday's data also showed China's gold reserves reached $74.75 billion at the end of April, up from $71.48 billion in March.

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久久久久久国产精品毛片 | 欧美一级录像 | 萌白酱喷水福利视频在线 | 成人国产精品一级毛片视频 | 亚洲精品久久久久午夜三 | 久久香蕉国产视频 | 波多野结衣中文在线 | 免费看成人www的网站软件 | 另类在线视频 | 在线观看偷拍视频一区 | 亚洲成人美女 | 三级视频网站在线观看 | 亚洲欧美精品一区二区 | 久久香蕉国产线看免费 | 久久99亚洲精品久久久久网站 | 国产精品久久免费 | 日韩专区亚洲精品欧美专区 | se就是色94欧美setu | 久久精品23 | 日本一级特黄大一片免 | 欧美大片a一级毛片视频 | 亚洲精品高清久久 | 久久久久久在线 | 成年人在线免费观看视频网站 | 国产亚洲精品成人婷婷久久小说 | 国语一级毛片 | 欧美成人免费在线视频 | 欧美日韩国产亚洲一区二区三区 | 成年女人在线观看片免费视频 | 久久精品一区二区三区不卡牛牛 | 亚洲精品欧美精品国产精品 | 香蕉依依精品视频在线播放 | 欧美激情视频在线观看一区二区三区 | 精品亚洲综合久久中文字幕 | 国产精品19禁在线观看2021 | 中文字幕亚洲日本岛国片 | 成人一级 | 亚洲国产成人99精品激情在线 | 精品视频免费在线观看 | 精品中文字幕久久久久久 | 在线观看黄网视频免费播放 |