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

US EUROPE AFRICA ASIA 中文
Business / Economy

Zhou: Forex drop 'natural after explosive growth'

By Li Xiang (China Daily) Updated: 2016-03-21 11:10

Zhou: Forex drop 'natural after explosive growth'

Zhou Xiaochuan, governor of the People's Bank of China, laughs as he leaves with International Monetary Fund Managing Director Christine Lagarde after a session of the China Development Forum in Beijing on March 30, 2016. [Photo/Agencies]

Money exiting foreign exchange reserves slowed in February, indicating stability of economy, currency

China's central bank Governor Zhou Xiaochuan on Sunday shrugged off concerns about the rapid decline of the country's foreign exchange reserves, saying it is natural to see some capital outflows after years of explosive accumulation.

The recent volatility of the yuan had caused the capital outflows, raising concerns about the decline of China's foreign exchange reserves, which dropped to about $3.2 trillion in February from the record level of nearly $4 trillion in 2014.

Zhou, the governor of the People's Bank of China-or the central bank-said about one-third of China's foreign reserves is short-term capital and it is natural to see profit-seeking speculators leave when they think the timing is appropriate.

"The pace of the outflows has not been surprising, compared to the speed of the inflows in the previous years," Zhou said at the China Development Forum in Beijing.

The country saw a decline of at least $500 billion in its foreign exchange reserves last year. But official data in February showed that the decline had slowed, indicating improved sentiment about the stability of the Chinese economy and the currency.

The central bank governor said China will continue to apply a managed floating exchange rate regime and will adjust the value of the yuan against a basket of currencies based on market supply and demand.

Zhou also said China's foreign exchange policy encourages mid- to long-term investment, rather than short-term speculation.

It has been reported that the Chinese authorities have been mulling the idea of levying a tax on foreign-exchange transactions, know as the Tobin tax, to rein in currency speculation.

Zhou said that China will continue to adopt "macro prudential measures" to prevent excess overseas borrowing by companies and the potential risk of currency mismatch.

The chief banker also warned about China's high corporate debt, saying the country should develop its capital markets and channel more savings into the market to reduce the corporate debt leverage through equity financing.

On Sunday, International Monetary Fund Managing Director Christine Lagarde said at the forum that China has a key role to play in the process of establishing a stronger and safer international monetary system, which is of paramount importance in reducing financial risks.

Lagarde said China is in the process of "multilayer transformation", which is going to be good for China as well as the world. But she warned that the road will be bumpy.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美大逼 | 成人激情视频 | 国模大胆一区二区三区 | 精品一区二区三区在线观看视频 | 好吊妞这里只有精品 | 日本一级二级视频 | 青青国产精品 | 黄色一极毛片 | 精品天堂| 糖心vlog在线免费观看 | 午夜视频www | 国产一级α片 | h视频在线看 | 三级自拍视频 | 免费在线观看黄色小视频 | 9l视频自拍九色9l视频成人 | 草草精品视频 | 欧美一区二区在线免费观看 | 91精品国产乱码久久久久 | jizz日本视频 | 亚洲视频在线一区 | 日韩av不卡在线播放 | 国产56页| 国产精品污www一区二区三区 | 亚洲欧美日韩国产 | 亚洲天天操 | 亚洲国产日韩在线观看 | 九九视频网 | 四虎影院在线免费播放 | 我想看黄色一级片 | 青青操视频在线观看 | 天天艹夜夜艹 | 精品成人免费一区二区在线播放 | 亚洲精品一二三四 | 欧洲自拍偷拍 | 在线中文字幕视频 | 久久精品视频在线观看 | 黄色大片免费在线观看 | 国产精品v欧美精品v日韩 | 精品视频在线看 | 黄频在线免费观看 |