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Fran?ais
China
Home / China / Business

Forex reserves rise amid stabilizing economy

China Daily | Updated: 2017-06-09 07:02

China's foreign exchange stockpile expanded for the fourth month in a row in May, after capital flight pressure eased and the value of the renminbi strengthened.

Forex reserves stood at $3.05 trillion at the end of May, an increase of $24 billion from the figure recorded at the end of April, the State Administration of Foreign Exchange said.

SAFE attributed the continuous rise of forex reserves to stable cross-border capital flows and appreciation of non-dollar assets following a weaker dollar.

A rapid fall of the reserves and a weaker yuan against the dollar since mid-2015 had raised concerns about the vulnerability of China's financial system.

As China's economy stands on a firmer footing and the governme

nt moves to stem illegal capital flight, the stockpile began to increase steadily in February.

Non-dollar reserve assets strengthened as the dollar index, which measures the greenback against six major peers, declined around 4.1 percent by the end of May from its April reading.

SAFE also released figures on the country's gold reserves, which amounted to $75 billion by the end of May, almost on par with a month earlier.

It sees a stable outlook for foreign exchange reserves on the back of a stable economy with rich potential and resilience and the emergence of new growth drivers.

With the country opening its financial markets wider to the outside world, cross-border capital flows will have a firmer base for stable and balanced activities, it added.

China International Capital Corp forecast in a research note that China's forex reserve levels may gain further in the near term, as the outflows have become visibly more muted in 2017.

"On the other hand, we expect economic fundamentals in China to remain solid, although the near-term growth may experience a 'soft-patch' due to ongoing liquidity tightening and financial deleveraging," the CIC research note said.

"We do not expect a prolonged period of growth slowdown and deflation following the regulatory house-cleaning. Even looking beyond the recent spike in the renminbi-dollar exchange rate, we see the renminbi exchange rate to be well supported by the economic fundamentals," it added.

Xinhua

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
南木林县| 平远县| 宝应县| 渑池县| 大竹县| 武胜县| 广安市| 博罗县| 靖安县| 高淳县| 承德县| 达日县| 陆川县| 炎陵县| 四子王旗| 本溪| 攀枝花市| 商水县| 五常市| 镇沅| 雅安市| 全椒县| 武威市| 麻城市| 河北省| 阳西县| 包头市| 益阳市| 正镶白旗| 通江县| 清徐县| 襄樊市| 久治县| 霍邱县| 德江县| 巴林右旗| 阳山县| 清涧县| 萝北县| 资源县| 剑川县|