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: 欧美片能看的一级毛片 | 国产成人综合洲欧美在线 | 日本免费一二区视频 | 香蕉视频1024| 国产专区在线 | 欧美一级大片在线观看 | 国产福利拍拍拍 | 成人欧美精品大91在线 | 在线一区免费播放 | 久草视频在线网 | 美国三级在线 | 手机在线观看黄色网址 | 色偷偷成人网免费视频男人的天堂 | 久久久久视频精品网 | 99热免费在线 | 欧美成人免费香蕉 | 亚洲欧美一二三区 | 成人毛片免费 | 亚洲国产综合精品 | 酒色影院 | 亚洲高清在线观看视频 | 美女张开腿让男人桶爽免 | 国产在线综合视频 | 国产一区二区三区在线免费 | 久草免费公开视频 | 欧美成人 一区二区三区 | 性色xxx | 99爱视频 | 日本免费一区二区三区视频 | 亚洲99爱| 国产一级在线观看www色 | 久久精品一区二区国产 | 亚洲精品成人中文网 | 国产在线视频欧美亚综合 | www.色午夜 | 成人免费看片 | 久草男人天堂 | 欧美一级视频高清片 | 久久国产成人亚洲精品影院老金 | 在线a人片免费观看国产 | 91久久国产成人免费观看资源 |