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

Business / Markets

Capital flight eases in first half of year

By Wang Yiqing (China Daily) Updated: 2016-07-22 10:03

China's capital flight pressure has eased in the first half of this year, as statistics released on Thursday by the State Administration of Foreign Exchange indicate.

Capital flight eases in first half of year

According to the data, China's net foreign exchange purchase accumulated to $173.8 billion in the first half of 2016. But its capital outflow significantly slowed down in the April-June period.

After registering 124.8 billion in foreign currency in the first quarter, Chinese banks sold in the second quarter $49 billion more in foreign currency than they purchased.

The monthly net purchase of foreign exchange declined from $54.4 billion in January to $12.5 billion in May and was at $12.8 billion in June.

"The pressure of cross-border outflow has been gradually eased," Wang Chunying, director of the administration's balance of payments department, said at a news briefing on Thursday.

Wang attributed the stabilization of cross-border capital outflow to the stable macroeconomic and financial environment as well as reasonable market sentiment.

On the one hand, international financial markets have remained stable and the US Federal Reserve has postponed its interest rate hikes. China's economic conditions have remained sound.

However, with the market playing a more important role in deciding the exchange rate of the RMB, market sentiment has become more stable, and market expectations on depreciation of the yuan have gradually receded.

Wang said that until now, the UK's decision to leave the European Union, or the "Brexit", has not had a significant impact on China's cross-border capital flows.

The "Brexit" has caused short-term international market fluctuations, and the long-term impact of Brexit will be a gradual and complicated process, Wang said.

Yan Ling, economist with China Merchants Securities Co, said, "According to some leading indicators, the impact of the 'Brexit', as a black swan event, is yet to appear."

But the foreign exchange authority is of the opinion that the risks of the "Brexit" are controllable.

Wang Yanfei contributed to this story.

Hot Topics

Editor's Picks
...
开江县| 和田县| 阿城市| 达州市| 绥阳县| 吉首市| 三门峡市| 南召县| 沂水县| 高淳县| 阿荣旗| 久治县| 宣汉县| 佳木斯市| 任丘市| 奎屯市| 揭阳市| 海门市| 高雄县| 邵阳县| 阿鲁科尔沁旗| 泉州市| 大同市| 惠水县| 郯城县| 金秀| 桂林市| 曲阳县| 丽江市| 灌南县| 安西县| 扬州市| 康马县| 珲春市| 潼南县| 连南| 清丰县| 华亭县| 鹰潭市| 拉萨市| 汾阳市|