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 / Finance

Major capital flight in Q4 called unlikely

By Wang Yanfei (China Daily) Updated: 2016-10-22 07:16

Major capital flight in Q4 called unlikely

A photo of Chinese 100 yuan banknotes [Photo/VCG]

China's cross-border capital flows are expected to stabilize in the fourth quarter, and major capital flight is unlikely, because the country's economic fundamentals are strong, the nation's foreign exchange regulator said on Friday.

Chinese banks saw a net foreign exchange of $28.4 billion in September, up by $18.9 billion from August, according to the State Administration of Foreign Exchange. Net forex sales stood at $243.4 billion in the first three quarters.

Wang Chunying, spokeswoman for the administration, said seasonal factors play major roles.

"Residents have higher demand for foreign currency for travel during the summer vacation and National Day holiday," she said.

Net sales specifically for travel increased by $13.2 billion in the third quarter over the second quarter, she said, which is "relatively the same level of increase of the last few years". The level of cross-border flows is "understandable and bearable", she added.

Major capital flight in Q4 called unlikely

Although some external factors - mainly the rising expectation of an interest rate hike by the United States Federal Reserve by year's end - would have a short-term impact, an increase would not lead to a major fluctuation in cross-border capital flows, Wang said.

Xu Gao, chief economist at China Everbright Securities Co, held similar views, saying current capital outflow pressure is manageable and actually lower than in December. He played down the possibility of massive capital outflows triggered by worries about the nation's economic resilience and the exchange rate of the yuan.

"Economic fundamentals remain strong," he said after official data released on Wednesday showed overall economic growth at 6.7 percent, with some signs of an uptick appearing in industrial sectors.

Xu said the recent depreciation of the yuan is natural in light of the recent strengthening of the US dollar, noting that the dollar index, which is the trade-weighted value of the dollar against a basket of major currencies, rose by 2.99 percent since the beginning of the month.

The People's Bank of China set the central parity rate at 6.7558 on Friday, hitting a six-year low.

Zhao Xueqing, an economist with the Institute of International Finance, said although the yuan is unlikely to strengthen in the near future, considering the headwinds and financial risks, the extent of yuan depreciation is manageable.

"Fluctuations in the yuan are quite natural, as the nation is on track with its market-oriented reforms," she said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 黄色影院在线观看视频 | 欧美成人日韩 | 亚洲一区二区三区高清 | 亚洲国产中文字幕 | 国产高清在线看免费视频观 | 欧美一区二区三区免费不卡 | 免费人成网站免费看视频 | 一区二区三区四区在线 | 夜鲁夜鲁夜鲁在线观看福利 | 欧美在线视频不卡 | 一级女毛片 | 免费一区二区三区久久 | 在线观看国产日本 | 六月丁香婷婷色狠狠久久 | 欧美久久一区二区 | 欧美多人三级级视频播放 | 在线中文| 久久久久视频精品网 | 久久在线视频播放 | 一区二区三区欧美日韩国产 | 久草福利资源 | 亚洲成人xxx | 伊人www| 久久精品午夜视频 | 亚洲 欧美 日韩中文字幕一区二区 | 日韩一区国产二区欧美三区 | 日韩视频免费一区二区三区 | 三级毛片免费看 | 真人毛片视频 | 美女张开腿让男人桶的 视频 | 久久手机在线视频 | 国产亚洲欧美一区二区 | 欧美一级做一a做片性视频 欧美一级做一级爱a做片性 | 国产精品区一区二区免费 | youjizzxxxx18欧美 youjizz日韩 | 亚洲欧美精品国产一区色综合 | 国产毛片精品 | 天堂色网站 | 欧美日韩一区二区视频免费看 | 日韩美女一级视频 | 亚洲第一狼人区 |