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

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Macro

Forex reserves enough to deal with external challenges

By Wang Yanfei | chinadaily.com.cn | Updated: 2017-01-19 13:36

China has enough foreign exchange reserves and measures to cope with shock from US interest rate hike, spokeswoman of the nation's top currency regulator said on Thursday, one day before president-elect Donald Trump assumes office.

Wang Chunying, spokeswoman with the State Administration of Foreign Exchange Reserve, said that forex reserves remain abundant to deal with external challenges, after the US Federal Reserve increased the rates by 0.25 percent in December.

Wang said the administration is well-prepared to deal with any abnormal fluctuation of capital flows.

The measures will be carefully studied before roll out, she said.

Data from the SAFE on Friday shows that Chinese banks continue to see month-on-month net foreign exchange sales in December.

In December, the deficit in sales and purchase of foreign exchange reached 298.3 billion yuan, a record high since January last year.

Data shows that China's corporates and individuals continue to hold on their forex, which is a sign that yuan depreciation expectations remain.

Short-term capital outflows pressure persists, but would not sustain for long, according to Wang.

Chinese banks saw net forex sales valued $51 billion in the fourth quarter, which is way lower than the $124.8 billion?level in the first quarter, according to the SAFE.

"Forex demand from individuals declined in the first month this year," said Wang, adding that fluctuation of forex reserves level is normal.

"There should not be too much reading into a headline number," she said.

China's forex reserves fell to near a six-year low in December, a bit higher than the critical $3 trillion level.

There has been much discussion over how yuan's exchange rate would be like as Trump's inauguration on Friday approaches, who has repeated his claim that China is a currency manipulator.

Wang said there would not be major capital flight in the long-run, as economic fundamentals remain sound.

Most Viewed in 24 Hours
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
潞城市| 即墨市| 醴陵市| 仁寿县| 青铜峡市| 曲松县| 林周县| 连州市| 新蔡县| 连云港市| 深州市| 张掖市| 益阳市| 建宁县| 乐亭县| 灵川县| 乌拉特前旗| 云龙县| 瑞昌市| 望都县| 黔江区| 汤阴县| 玛纳斯县| 平昌县| 武义县| 景泰县| 新安县| 台中县| 广丰县| 楚雄市| 乡宁县| 邵东县| 韩城市| 清水河县| 甘肃省| 睢宁县| 上思县| 扶风县| 五常市| 金门县| 博白县|