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

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Forex reserves climb above $3 trillion

By Xin Zhiming | China Daily Europe | Updated: 2017-03-12 13:45

Experts say yuan depreciation may see reversal this year

China's foreign exchange reserves climbed above the $3 trillion mark in February, the first rise in eight months, thanks to an improving export situation and a slowing of capital outflows.

Analysts say the trend of yuan depreciation may be reversed this year if China's economic fundamentals continue to improve.

The country's foreign exchange reserves rose by $6.92 billion in February to $3.005 trillion, the first increase since June 2016, data from the People's Bank of China, the central bank, showed on March 7.

In January, the reserves fell to $2.998 trillion, sparking heated discussions over whether they would continue to fall and become inadequate for guarding the country's financial stability. The February rebound may ease such concerns, analysts say.

The rise in the reserves was partly due to the recovery in the domestic economic and higher exports in February, says Ren Zeping, chief economist at Founder Securities Co.

China's export growth was 15.9 percent in January, with similar growth expected in February. In 2016, the country's exports fell by 2 percent year-on-year.

The yuan, meanwhile, stabilized in February. This, together with stricter implementation of foreign exchange purchasing rules, dampened capital outflows and contributed to the rise in foreign exchange reserves, Guotai Junan Securities Co says in a research note.

"The market mood was reversed in February and demand for the yuan rose, leading to the central bank's purchasing dollars," said Deng Haiqing, chief economist at JZ Securities Co.

Meanwhile, bond yields in the United States, the European Union and Japan all dropped, leading to an increase in bond prices and a revaluation of reserve assets, he says.

The State Administration of Foreign Exchange said that China's foreign exchange reserves were likely to gradually stabilize as capital outflow pressures eased - a result of the country's improving economic fundamentals.

In the short term, the yuan has stabilized, but in the medium term it still faces potential downward pressure as the dollar may strengthen thanks to improvement of the US economy and possible interest rate hikes by the US Federal Reserve, Ren says.

The Fed may raise interest rates as early as next week. He says if that happened, it may trigger capital outflows to the US from emerging markets, including China.

Yi Gang, deputy governor of the central bank, said during the ongoing annual plenary session of the National People's Congress that China would stick to its managed floating exchange rate framework to keep the yuan stable.

xinzhiming@chinadaily.com.cn

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
主站蜘蛛池模板: 欧美另类视频在线观看 | www色aa色aawww | 国产成人精品久久二区二区91 | 精品一区二区三区在线观看视频 | 国产精品乱码一区二区视频 | 91精品国产综合久久久蜜臀 | 日韩欧美在线中文字幕 | 在线观看的av网站 | 国产精品三级视频 | 国产精品视频免费观看 | 日韩av美女 | 免费a在线观看播放 | 黄色一级大片在线免费看国产一 | 一级大毛片 | 中文在线第一页 | 成年免费视频黄网站在线观看 | 国产精品一区二区免费 | 天堂精品 | 91欧美| 欧美精品一区二区三区视频 | 日韩有码在线视频 | aaa黄色片| 久久久精品国产 | 少妇天堂 | 免费在线a | 日韩一二三区在线观看 | 青青草这里只有精品 | 成人福利在线观看 | 青青免费在线视频 | 一区二区三区黄色片 | 日韩手机在线观看 | 91av免费观看 | 91免费看网站 | 视频精品久久 | 神马久久久久 | 欧洲中文字幕 | 五月婷婷六月丁香综合 | 99这里有精品视频 | 男人天堂久久 | 国产综合图片 | 亚洲成人一级 |