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

Policy fears mount as FX reserves increase

By GAO CHANGXIN/XIE YUE (China Daily) Updated: 2014-06-13 07:09

China's rapid accumulation of foreign exchange reserves is leading to difficulties in steering economic policy, analysts and officials with the foreign exchange regulator said on Thursday.

The nation will keep reserves at a "reasonable" level, officials of the State Administration of Foreign Exchange said in an online interview.

Policy fears mount as FX reserves increase
China grants more investment quotas to QFII,RQFII 

"The excessively large foreign exchange reserves increase domestic money supply and create potential domestic inflation pressure," said Huang Guobo, chief economist of the SAFE. "They also put more pressure on the central bank to raise reserve requirement ratios and sterilize (inflows)."

Foreign currency reserves account for more than 80 percent of the central bank's assets, leading to an asset-liability mismatch that generates foreign exchange risks, Huang said.

Reserves reached $3.95 trillion at the end of March, having surged from $3.82 trillion at the end of 2013, official data released in April showed. The increase reflected continued trade surpluses and steady inflows of capital.

A rise in capital inflows and foreign direct investment last year forced the People's Bank of China to purchase foreign currency, partly to stop the yuan from appreciating. China's exports rose 7 percent year-on-year to $195.47 billion in May.

Xu Hongcai, a senior economist with the China Center for International Economic Exchanges, said he believed that $1 trillion would be sufficient for the nation's foreign exchange reserve.

He urged officials to focus on balancing the country's international payments so that reserves won't get even bigger.

"The fact that senior leaders acknowledge that the country's foreign exchange reserves are too big marks a historic change. Previously, many people believed that 'bigger was better' when it came to foreign reserves," said Xu.

Policy fears mount as FX reserves increase

Policy fears mount as FX reserves increase

China's forex reserve to hit $4t: report China's headache in cutting forex reserves

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 神马久久久久久久久 | 成人欧美一区二区三区在线播放 | 国产日韩视频 | 国产日本三级欧美三级妇三级四 | 成人瑟瑟 | 国产精品99久久久久 | 女人被男人狂躁下面在线观看 | 天天干夜夜夜操 | 欧美日在线 | 毛片免费软件 | 亚洲精品乱码 | 成人一区二区三区在线 | 欧美激情a∨在线视频播放 中文字幕亚洲图片 | 久草视频在线播放 | 中文字幕在线一区二区三区 | 亚洲精品一区二区三区在线观看 | 91免费看| 中国一级特黄真人毛片 | 日韩视频免费 | 久久er精品视频 | 99国产在线视频有精品视频 | 日韩中文一区二区三区 | 不卡一区| 美女高潮网站 | 欧美视频一区 | 成人欧美日韩视频一区 | 久久精品一区 | 精品视频久久 | www久久久| 久久综合五月开心婷婷深深爱 | 日韩欧美亚洲 | 日日爱669 | 亚洲情av | 久久不卡免费视频 | 色婷婷久久久亚洲一区二区三区 | 久久久在线视频 | 欧美日韩一区二区三区免费视频 | 成人黄色免费网站 | 一区二区三区毛A片特级 | 午夜爽爽性刺激一区二区视频 | 免费国产一区二区在免费观看 |