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

China's new yuan loans rise in January

(Xinhua) Updated: 2015-02-14 11:23

China's new yuan loans rise in January

A clerk counts yuan bills at a bank in Huaibei, East China's Anhui province. [Photo/IC]

BEIJING - China's new yuan-denominated lending in January hit 1.47 trillion yuan ($239.8 billion), up 289.9 billion yuan from one year earlier, official data showed on Friday.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 10.8 percent year on year to 124.27 trillion yuan at the end of January, according to data released by the People's Bank of China, the central bank.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 10.6 percent year on year to 34.81 trillion yuan.

Total private financing stood at 2.05 trillion yuan in January, down 539.4 billion yuan from a year ago.

Related story: Yuan sees increased volatility as depreciation pressure mounts, by Xinhua

BEIJING - The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation.

The yuan continued to decline against the dollar on Wednesday with its spot exchange rate closing at 6.2480 per US dollar, down 45 basis points from Tuesday, according to data released by the China Foreign Exchange Trade System.

The rate also dropped almost 1.95 percent from the central parity rate, just short of the two-percent floatation band allowed by authorities.

On Monday, the Chinese currency sank to its lowest level in seven months by closing at 6.2542 before rebounding to 6.2435 on Tuesday.

Economists believe the Chinese currency's volatility is caused by normal fluctuations, which have been triggered by quantitative easing measures by the European Central Bank and interest rate cuts in markets such as Switzerland, Denmark, Egypt, India, Turkey and Canada.

"Some central banks are successively cutting rates to cope with rising deflation risks and lift economic momentum. These measures and particularly the ECB's bond-buying program were the direct cause of the yuan's slump," said Wen Bin, chief researcher at China Minsheng Bank.

Depreciation pressure mounts

The dollar started an upward trend in July last year against sharp falls by other major currencies, including the euro. The US Dollar Index has gained nearly 18 percent since then.

Analysts said the trend weighs negatively on the yuan's rate against the dollar, especially when a looming interest rate hike by the US Federal Reserve has led to expectations of a stronger dollar.

Taking into account an economic slowdown in China, Wen predicted the yuan, also known as the renminbi, will likely depreciate by as much as 3 percent against the dollar within the year, reaching around 6.4 per dollar.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 精品欧美一区二区三区 | 超碰精品在线观看 | 亚洲国产激情 | 一二三区中文字幕 | 国产在线成人 | wwwxxx日韩| 日批在线看 | 久久久国产精品x99av | www.97超碰| 开心春色激情网 | 岛国大片在线观看 | 久久xxx| 一色桃子av | 欧美日韩后 | 天天干天天操天天舔 | 日韩三级一区 | 国产精品高潮呻吟av | 免费日韩网站 | 少妇特黄a一区二区三区 | 操的好爽视频 | 国产精品www色诱视频 | 一区二区美女 | 福利二区视频 | 亚洲欧美一区二区三区四区 | av在线播放观看 | www激情| 精品一区不卡 | av手机在线播放 | 第一色综合| 色01看片网 | 国产一级淫片久久久片a级 香港之夜完整在线观看 | 精品久久a| 色天堂在线视频 | 免费观看黄色一级视频 | 国产人成一区二区三区影院 | 日韩在线视频一区 | 91日韩欧美| 国产少妇自拍 | 91麻豆精品 | 国产又粗又猛又黄 | 国产乱淫视频 |