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

Economy

Treasuries lack safety, liquidity for China, Yu says

(Agencies)
Updated: 2010-08-03 10:32
Large Medium Small

US Treasuries fail to provide safety or liquidity when it comes to managing China's $2.45 trillion foreign-exchange reserves, said Yu Yongding, a former central bank adviser.

"I do not think treasuries are safe in the medium- and long-run," Yu, a member of the State-backed Chinese Academy of Social Sciences, wrote yesterday in an e-mailed response to questions. China is unable to sell the securities in a "big way" and a "scary trajectory" of budget deficits and a growing supply of dollars put their value at risk, he said.

Related readings:
Treasuries lack safety, liquidity for China, Yu says China to float 20b yuan of book-entry t-bonds
Treasuries lack safety, liquidity for China, Yu says China should cut US Treasury holdings: economist
Treasuries lack safety, liquidity for China, Yu says China won't dump US Treasuries or pile into gold
Treasuries lack safety, liquidity for China, Yu says China to sell 28b yuan of T-bonds from Thursday

The State Administration of Foreign Exchange, which manages the nation's reserves, said last month that government debt has the benefits of "relatively good" safety, liquidity, low trading costs and market capacity. China's holdings of Treasuries, the largest outside of the US, totaled $867.7 billion at the end of May, down from $900.2 billion in April and a record $939.9 billion in July 2009.

To help cool demand for the securities, China needs to curb the growth of its foreign reserves by intervening less in the currency market, Yu said. The People's Bank of China said June 19 it would let the yuan float with reference to a basket of currencies, ending a two-year-old dollar peg.

The yuan has since appreciated 0.8 percent to 6.7742 per dollar and analysts surveyed by Bloomberg predict the currency will end the year at 6.67, based on the median estimate.

主站蜘蛛池模板: 91视频在线免费 | 国产精品高清在线观看 | 黄色免费看片 | 亚洲成人黄色影院 | 在线观看av一区二区 | 偷拍青青草 | 日韩欧美大片在线观看 | 午夜免费网址 | 欧日韩一区二区三区 | 波多野吉衣一区二区三区 | 久久大胆人体 | 成人免费视频网站 | 蜜桃视频网站在线观看 | 夜夜春很很躁夜夜躁 | 亚洲三级黄 | 免费一级全黄少妇性色生活片 | 免费在线看黄视频 | 国产精品欧美综合 | 日韩欧美在线免费 | 福利精品视频 | 成年人在线免费看 | 成人免费视频国产在线观看 | 日本精品视频在线观看 | 久久精品在线播放 | 在线观看国产精品入口男同 | 草视频在线| 日韩在线视频观看免费 | 色狠狠综合网 | wwwxxx日韩 | 国产精品污视频 | 91精品国产欧美一区二区成人 | 在线亚洲色图 | 亚洲第八页 | 色激情网 | 国产福利资源 | 超碰99在线观看 | 免费黄色网址在线观看 | 男人的天堂av网站 | 奇米超碰在线 | 美女国产精品 | 可以免费观看的毛片 |