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 up, topping $3 trillion

By Wang Yanfei | China Daily Europe | Updated: 2017-07-16 14:26

Rise comes on back of balance in supply and a weaker dollar

The Chinese mainland's foreign exchange reserves rose in June for a fifth straight month, as tightened supervision of outbound investment and a weak dollar helped curb capital outflows.

The nation's foreign exchange stockpile climbed to $3.056 trillion (2.7 trillion euros, 2.4 trillion) in June, up by about 0.11 percent from the previous month, according to data released by the State Administration of Foreign Exchange on July 7.

The currency regulator attributed the continued positive trend in the data to basically balanced foreign exchange supply and demand and the appreciation of a basket of currencies against the dollar.

Economists said on July 7 that the reserves, supported by strong economic fundamentals and the government's efforts to open up the domestic capital market, are likely to rise slightly in the coming months, while remaining largely stable.

Guan Tao, former director of the international payments department at the State Administration of Foreign Exchange, said during a conference on the renminbi in late June that forex reserves appeared to have stabilized, mainly supported by eased capital outflow pressures in recent months.

Aside from the forex reserves' fall in January to $2.998 trillion - the first since March 2011 - reserves have risen by about 1.5 percent as of June, compared with the start of the year, the currency regulator said.

Guan said the government's enhanced supervision of outbound investment had gradually taken effect to help curb capital outflow pressures. Since December, the government has introduced a slew of measures tightening the screening of overseas investment projects, amid concern about capital outflows and market expectations for a continued depreciation of the yuan.

Analysts say that after the yuan exchange rate against the dollar hit a six-year low in December, the yuan's performance against the US currency has been steady after the dollar lost its upward momentum.

Wang Youxin, an economist at Bank of China, says the central bank does not need to deplete its reserves in order to stabilize the yuan.

More balanced cross-border flows will also be supported by the government's efforts to open up the domestic capital market, according to Cheng Shi, ICBC's international research director, referring to measures such as the mainland-Hong Kong bond connect program.

"The program is not something that has only symbolic meaning. It will generate long-term positive impact," he says.

"An expected increase in foreign capital inflows will help offset domestic capital outflows," he adds.

wangyanfei@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: 免费观看一级成人毛片软件 | 亚洲精品久久久久网站 | 欧美特欧美特级一片 | 毛片在线视频 | 综合色久| 日韩一区二区三区在线 | 国产午夜亚洲精品国产 | 亚洲免费高清 | 又黄又爽又刺激的视频 | 久久久久久国产精品视频 | 亚洲美色综合天天久久综合精品 | 亚洲黄色免费在线观看 | 日韩国产欧美成人一区二区影院 | 香蕉午夜| 米奇888在线播放欧美 | 亚洲成人一级片 | 国产精品免费视频一区 | 天堂8在线天堂资源bt | 99免费在线播放99久久免费 | 日本免费三级网站 | 国产精品一一在线观看 | 九九在线视频 | 国产免费爱在线观看视频 | 亚洲欧美一区二区三区在线观看 | www.色中色| 三级大片在线观看 | 久草在线观看首页 | 欧美成人一区二区 | 在线观看成年人免费视频 | 粉嫩高中生的第一次在线观看 | 久久国产精品自线拍免费 | 欧美性欲视频 | 97久久草草超级碰碰碰 | 国产成人mv在线观看入口视频 | 在线网站黄色 | 亚洲欧洲eeea在线观看 | 亚洲黄网址 | 免费在线亚洲视频 | 在线观看国产一区二区三区99 | 色婷婷国产精品欧美毛片 | 手机看片自拍自自拍日韩免费 |