男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

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: 湘潭县| 聊城市| 富川| 贡觉县| 平果县| 石景山区| 连州市| 色达县| 桑植县| 金阳县| 鹰潭市| 阿克陶县| 庆元县| 中江县| 聂荣县| 黔东| 平阴县| 泾川县| 乐亭县| 九江县| 兴安县| 衢州市| 莱芜市| 万全县| 绥滨县| 通化县| 满城县| 丽江市| 澄江县| 大港区| 和顺县| 巴塘县| 台东市| 太保市| 谷城县| 绥阳县| 横峰县| 泽州县| 嵊州市| 聂荣县| 邓州市|