国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Make me your Homepage
left corner left corner
China Daily Website

IMF warns on capital account

Updated: 2013-08-31 02:27
By WANG XIAOTIAN ( China Daily)

The IMF's World Economic Outlook Update, issued in July, projected a widening current account surplus to 4.1 percent of GDP by 2018 and continued net FDI inflows.

As a result, reserve accumulation is expected to continue at $580 billion annually from 2013 to 2018, it said.

China reported a $1.6 billion deficit under its capital account in the second quarter, according to SAFE data.

It was the first capital-account deficit since the third quarter of last year, when the gap was $51.7 billion. In the first quarter of 2013, China recorded a capital-account surplus of $90.1 billion.

Louis Kuijs, chief China economist at the Royal Bank of Scotland, said Chinese companies that have been using arbitrage opportunities available to them as a result of the internationalization of the yuan have more to do with the capital outflows of recent years than international funds.

"These apparent outflows were in part unwound in the first half of 2013 by apparent net financial inflows, in large part again carried out by Chinese companies."

The IMF paper added that the size of the Chinese financial markets may be overstated by aggregate market capitalization and outstanding debt.

Nontradable shares account for about one-quarter of equity market capitalization. Bond market debt may have substituted for bank lending, since almost half of the outstanding bonds are held by banks.

"Once the equity and bond market sizes are adjusted for these two factors, the predicted net accumulation of portfolio assets would narrow to 4 to 8 percent of GDP," the IMF said.

 

Previous Page 1 2 Next Page

 
 
...
阿拉善盟| 嘉兴市| 商都县| 禹州市| 利川市| 扬中市| 涞源县| 绥阳县| 通许县| 木兰县| 吐鲁番市| 镇远县| 平顶山市| 张家港市| 彰化县| 惠水县| 汶上县| 肃宁县| 雷山县| 公安县| 克什克腾旗| 宣城市| 读书| 梧州市| 山阴县| 连平县| 静乐县| 桂平市| 西贡区| 大田县| 定结县| 平湖市| 得荣县| 怀来县| 祁阳县| 张家口市| 岳阳县| 安国市| 长丰县| 增城市| 唐海县|