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

China trims US debt holdings again

Updated: 2011-12-17 09:55

By Li Xiang (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

China trims US debt holdings again

BEIJING - China trimmed its holdings of US Treasury debt by $14.2 billion in October, driving its holdings to the lowest level this year.

The move came against a backdrop of recent yuan weakness and on the declining positions of Chinese banks for foreign exchange purchases, an indicator of capital outflows.

Analysts said that the move to cut the US debt holdings indicated an attempt by the People's Bank of China (PBOC) to increase its cash holdings of dollars in order to shore up the value of the yuan.

The yuan has been faced with increasing downward pressure as investors sold the currency and sought a safe haven in the dollar amid a grim outlook for the global economy.

"The low level of China's holding of US debt indicates the huge pressure of capital outflow that the country has been faced with," said Lu Zhengwei, chief economist with Industrial Bank Co Ltd.

"The central bank is increasing its holdings of dollars in cash, preparing to sell them in the market if necessary to offset the impact of liquidity outflows," he said.

The yuan traded higher on Friday after touching the low end of its permitted daily trading range for 12 consecutive sessions, the longest run of trading days in which the yuan had weakened.

China held a total of $1.13 trillion of US Treasury debt as of October 2011, roughly accounting for 24 percent of total foreign holdings of US debt, according to the US Treasury Department. Despite the latest cut, China remains the largest foreign holder of US treasuries.

Analysts said that China should continue to accelerate the diversification of its $3.2 trillion foreign-exchange reserves, amid growing global financial uncertainty. Currently, about one-third of China's foreign-exchange reserves is invested in US Treasury bonds.

It was reported that the PBOC plans to create a fund worth $300 billion to invest the country's foreign-exchange reserves in the US and European markets. The fund will reportedly seek to invest in real assets and company shares, rather than government securities.

Gao Xiqing, vice-chairman of China Investment Corp, the country's sovereign wealth fund, said recently that the fund is actively looking for investment opportunities in infrastructure projects in countries including Britain, the US, and Brazil.

Related Stories

China cuts holdings of US debt 2011-10-20 07:46
Eurozone woes drive China back into US bonds 2011-11-18 08:03
Insurmountable debt 2011-11-10 07:45
China's $3.2 trillion headache 2011-08-24 17:41
主站蜘蛛池模板: 日本精品视频一区二区 | 超碰超碰超碰超碰 | 超碰123| 特黄网站 | 金瓶狂野欧美性猛交xxxx | 日韩免费小视频 | 叶玉卿三级 | 日韩不卡免费 | www.亚洲一区二区 | 亚洲国产视频网站 | 国产一区二区不卡在线 | 性网站视频 | 三级视频网站 | 午夜国产在线 | 亚洲精品黄色 | 午夜免费福利视频 | 成人短视频在线播放 | 久久久久久久久久免费视频 | 国产一级精品毛片 | 欧美福利视频在线观看 | 国产亚洲欧美日韩高清 | 99国产精品久久久久久久 | 久操影视| 国产a一级 | 青春草在线 | 色综合综合网 | 九九热在线播放 | 亚洲免费在线视频 | 99热免费| 人人天天夜夜 | 天堂av网在线 | 亚洲一区二区三区久久久 | 女人日批视频 | 亚洲自拍偷拍精品 | 在线观看国产视频 | 超碰人人av | 人人舔| 91免费| 91精品国产成人观看 | 日韩中出 | 午夜视频在线免费观看 |