日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 欧美影视一区二区三区 | 久久视频精品在线观看 | 中文区中文字幕免费看 | av三级 | 国产女人18毛片18精品 | 欧美视频黄 | 免费观看爱爱视频 | 国产精品久久久久久久久果冻传媒 | 一区二区三区国产精品 | 香蕉视频在线观看视频 | 波多野结衣一区二区 | 亚洲欧美91 | 狠狠插av | 国产激情在线观看 | 精品在线免费观看视频 | 欧美成人免费一级 | 亚洲天堂国产 | 国产精选一区 | 小毛片在线观看 | 久久福利网站 | 国产又爽又黄网站 | 欧美五月婷婷 | 成人福利视频网站 | 四虎福利视频 | 成人在线观看免费视频 | aaa一级片| 欧美成人一区二区三区片免费 | 麻豆亚洲一区 | 久精品在线 | 国产精品毛片久久 | 亚洲欧美自偷自拍 | 毛片大全 | 国产乱码精品1区2区3区 | 一区二区三区免费看 | 欧美xxxx网站 | 中国毛片在线观看 | 伊人网综合在线 | 日本一区二区三区免费视频 | 欧美成人xxxx | 中国美女毛片 | 亚洲视频免费播放 |