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

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

Forex reserves climb above $3 trillion

By Xin Zhiming | China Daily Europe | Updated: 2017-03-12 13:45

Experts say yuan depreciation may see reversal this year

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

Analysts say 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 March 7.

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

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

China's export growth was 15.9 percent in January, with similar growth expected in February. In 2016, the country's 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 and contributed to the rise in foreign exchange reserves, Guotai Junan Securities Co says in a research note.

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

Meanwhile, bond yields in the United States, the European Union and Japan all dropped, leading to an increase in bond prices and a revaluation of reserve assets, he says.

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

In the short term, the yuan has stabilized, but in the medium term it still faces potential downward pressure as the dollar may strengthen thanks to improvement of the US economy and possible interest rate hikes by the US Federal Reserve, Ren says.

The Fed may raise interest rates as early as next week. He says 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 plenary 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: 91免费观看网站 | 欧美日韩一区二区三区不卡 | 欧美精品久久久久久久久老牛影院 | 免费看的黄色网 | 午夜三级网站 | 国产美女永久免费 | 国产一区二区三区免费观看 | 清宫性史 | 就操在线 | 日本一级黄色 | 91精品综合久久久久久五月天 | 欧美疯狂做受xxxxx高潮 | 成人网在线观看 | 国产自产在线 | 91久久国产视频 | 久久久综合久久久 | 青青草精品视频 | 午夜久久影院 | 国产精品theporn | 中文字幕在线免费 | 麻豆精品一区二区 | 自拍三区 | 国产免费一区二区三区四在线播放 | 国产精品久久免费 | 一区二区三区有限公司 | 黄网在线免费 | 337p欧美 | 91精品国产综合久久福利 | 日韩精品一区二区在线播放 | 三级黄色小视频 | 深夜福利久久 | 视频在线亚洲 | 深爱开心激情网 | 国产成人免费观看 | 中文字幕在线观看视频免费 | 久久精品视频中文字幕 | 欧美激情福利 | 欧美视频免费看 | 日韩精品一二区 | 手机免费黄色网址 | 99视频精品在线 |