综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

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

Forex reserves enough to deal with external challenges

By Wang Yanfei | chinadaily.com.cn | Updated: 2017-01-19 13:36

China has enough foreign exchange reserves and measures to cope with shock from US interest rate hike, spokeswoman of the nation's top currency regulator said on Thursday, one day before president-elect Donald Trump assumes office.

Wang Chunying, spokeswoman with the State Administration of Foreign Exchange Reserve, said that forex reserves remain abundant to deal with external challenges, after the US Federal Reserve increased the rates by 0.25 percent in December.

Wang said the administration is well-prepared to deal with any abnormal fluctuation of capital flows.

The measures will be carefully studied before roll out, she said.

Data from the SAFE on Friday shows that Chinese banks continue to see month-on-month net foreign exchange sales in December.

In December, the deficit in sales and purchase of foreign exchange reached 298.3 billion yuan, a record high since January last year.

Data shows that China's corporates and individuals continue to hold on their forex, which is a sign that yuan depreciation expectations remain.

Short-term capital outflows pressure persists, but would not sustain for long, according to Wang.

Chinese banks saw net forex sales valued $51 billion in the fourth quarter, which is way lower than the $124.8 billion?level in the first quarter, according to the SAFE.

"Forex demand from individuals declined in the first month this year," said Wang, adding that fluctuation of forex reserves level is normal.

"There should not be too much reading into a headline number," she said.

China's forex reserves fell to near a six-year low in December, a bit higher than the critical $3 trillion level.

There has been much discussion over how yuan's exchange rate would be like as Trump's inauguration on Friday approaches, who has repeated his claim that China is a currency manipulator.

Wang said there would not be major capital flight in the long-run, as economic fundamentals remain sound.

Most Viewed in 24 Hours
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
临夏县| 定陶县| 天等县| 鄂州市| 长阳| 洪泽县| 云梦县| 长寿区| 万州区| 新龙县| 东阳市| 新宾| 泰宁县| 临泽县| 大田县| 若尔盖县| 瑞金市| 教育| 高邑县| 北安市| 乌兰察布市| 那曲县| 克什克腾旗| 长沙市| 堆龙德庆县| 汽车| 甘孜县| 漳州市| 外汇| 惠水县| 宁德市| 温宿县| 光泽县| 湟源县| 常山县| 宁晋县| 枞阳县| 聊城市| 六安市| 溧阳市| 额尔古纳市|