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

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Forex reserves rise above $3 trillion

By Xin Zhiming | China Daily | Updated: 2017-03-08 07:29

Experts say yuan depreciation may be reversed

China's foreign exchange reserves rose above the $3 trillion mark in February again, the first rise in eight months thanks to an improving export situation and slowing capital outflows.

Analysts said the trend of yuan depreciation may be reversed this year if China's economic fundamentals continue to improve.

The country's foreign exchange reserves rose by $6.92 billion in February to $3.005 trillion, the first increase since June 2016, data from the People's Bank of China, the central bank, showed on Tuesday.

In January, the reserves fell to $2.998 trillion, sparking heated discussions as to whether they would continue to fall and become inadequate for guarding the country's financial stability. The February rebound may ease such concerns, analysts said.

The rise in the reserves was partly due to the domestic economic recovery and higher exports in February, said Ren Zeping, chief economist at Founder Securities Co.

China's export growth was 15.9 percent in January, and it is expected to maintain similar growth in February. In 2016, the country exports fell by 2 percent year-on-year.

The yuan, meanwhile, stabilized in February. This, together with stricter implementation of foreign exchange purchasing rules, dampened capital outflows, contributing to rising foreign exchange reserves, Guotai Junan Securities Co said in a research note.

"The market mood was reversed in February and demand for the yuan rose, leading to the central bank purchasing dollars," said Deng Haiqing, chief economist with JZ Securities Co.

Meanwhile, bond yields in the United States, the European Union and Japan all dropped, causing rises in bond prices and a revaluation of reserve assets, he said.

The State Administration of Foreign Exchange said that China's foreign exchange reserves were likely to gradually stabilize as capital outflow pressures eased, as a result of China's improving economic fundamentals.

In the short term, the yuan has stabilized, but in the medium term it still faces some pressures from depreciation as the dollar may further strengthen thanks to improvement in the US economy and possible interest rate hikes by the US Federal Reserve, said Ren.

The Fed may raise interest rates as early as next week. He said if that happened, it may trigger capital outflows to the US from emerging markets, including China.

Yi Gang, deputy governor of the central bank, said during the ongoing annual session of the National People's Congress that China would stick to its managed floating exchange rate framework to keep the yuan stable.

xinzhiming@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 一级特黄a视频 | 亚洲精品一级一区二区三区 | 在线视频免费国产成人 | 亚洲精品第一区二区在线 | 久久九| 天堂一区二区在线观看 | 极品美女一级毛片 | 国产日产欧产精品精品推荐在线 | 99久久精品国产一区二区成人 | 日本人的色道www免费一区 | 欧美在线乱妇一级毛片 | 欧美成人免费午夜全 | 一区二区三区在线视频观看 | 国产永久精品 | 男人的天堂视频在线观看 | 色琪琪一本到影院 | 有码日韩 | 日本免费小视频 | 国产的一级片 | 毛片观看网址 | 免费欧洲毛片a级视频无风险 | 国产第一夜 | 午夜毛片不卡高清免费 | 成人18网站 | 免费精品久久久久久中文字幕 | 欧美性猛交xxxx免费看手交 | 九九久久国产 | 国产成人午夜性视频影院 | 日韩一区二区不卡中文字幕 | 无内丝袜透明在线播放 | 在线观看国产一区二三区 | 国产成人a一在线观看 | 黄色美女网站在线观看 | 国产成人免费视频 | 国产在线高清不卡免费播放 | 国产乱码一区二区三区四川人 | 日本欧美一区二区三区不卡视频 | 亚洲一区毛片 | 国产成人精品一区二区免费视频 | 免费观看性欧美一级 | 欧美性生交大片免费看 |