日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Markets

Outflow of capital less than feared, analysts say

By Wang Xiaotian (China Daily) Updated: 2012-12-28 11:13

China's capital and financial account deficit in the third quarter was revised down to $51.7 billion from the previous figure of $71 billion, the State Administration of Foreign Exchange said on Wednesday.

The net inflow of foreign direct investment was $38.5 billion. Excluding the effect of fluctuations in exchange rates and asset prices, the country's international reserve assets declined by $400 million in the third quarter, the administration said in a statement.

Although the capital and financial deficit was revised downwards, it remains higher than the second-quarter figure of $41.2 billion, suggesting a larger amount of capital outflows than three months earlier.

The revised figure eased concerns that an excessive amount of capital is flowing out of the country - capital that is needed to support an economic rebound.

Such concerns intensified after Chinese financial institutions' yuan holdings for purchasing foreign exchange, an indicator of capital flows, declined by 73.6 billion yuan ($11.8 billion) in November.

Some analysts said they believed that the decline, which ended two consecutive months of growth, may indicate that $40 billion of capital left the country.

Guo Huiming, an analyst at the National Association of Financial Market Institutional Investors, said the drop doesn't necessarily mean a large outflow of "hot money", as it resulted from a time lag between capital flows and actual trade activity.

"In addition, the FDI figure from the Ministry of Commerce only contains primary investment capital, excluding capital flows between companies and reinvestment with profits."

Data from the administration suggested there is no need to worry about capital outflows, and last month's surprising decline in yuan holdings may be the result of certain transactions conducted between the central bank and financial institutions, said Zhao Qingming, a senior analyst at China Construction Bank Corp.

Chinese banks bought a net $18.5 billion in foreign exchange from their clients in November, the administration announced on Monday, indicating capital inflows instead of outflows.

As long as China's economic growth remains stable, the trend of capital inflows won't be reversed, said Zhao Xijun, deputy dean of the school of finance at Renmin University of China.

 

Related Readings

Foreign capital rules eased

Chinese more willing to keep foreign currency in Aug

China's external debt highest since 1985

China's slowing forex reserves growth 'desirable'

 

 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久草老司机 | 久久伦理中文字幕 | 乱子伦xxxxvideos| 精品国产精品 | 久久久久亚洲 | 欧美成人性生活 | 精品欧美乱码久久久久久 | 亚洲国产婷婷香蕉久久久久久99 | 中文字幕无线码一区二区三区 | 久久精品一区二区三区不卡牛牛 | 久久视频国产 | 激情五月综合婷婷 | 亚洲欧美在线免费观看 | 奇米影视77| 国产一级视频 | 久久婷婷色 | 色艹| 亚洲国产精品一区 | 日本高清色www | 91偷拍精品一区二区三区 | 久在线播放 | 一a一级片 | 欧美日韩亚洲一区二区 | 久久国产视频一区 | 中文字幕乱码一区二区三区 | 天天操网 | 国产成人精品久久二区二区 | 久草在线视频在线 | 成人国产精品免费视频不卡 | 色婷婷综合缴情综六月 | 久久久久久99 | 久久精品成人 | 国产乱码精品一区二区三区中文 | 国产色a | 亚洲第一区精品观看 | 国产精品密蕾丝视频下载 | 精品久久久久久久久久 | 国产高清一国产免费软件 | 一级视频在线播放 | 在线二区人妖系列 | 91国视频在线 |