国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

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
...
...
福安市| 盐边县| 通许县| 三亚市| 临沭县| 休宁县| 额尔古纳市| 新昌县| 宁波市| 盐池县| 固始县| 沿河| 贵港市| 安达市| 白水县| 九江市| 曲水县| 德惠市| 安化县| 都兰县| 七台河市| 开阳县| 绥滨县| 谢通门县| 临江市| 龙州县| 临泽县| 曲阳县| 凤台县| 天门市| 精河县| 安泽县| 溧水县| 平原县| 邹平县| 丹寨县| 灵武市| 扎鲁特旗| 上饶市| 汝阳县| 桂平市|