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

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China's forex reserves edge down in September

Xinhua | Updated: 2018-10-08 13:19
Share
Share - WeChat
Under the combined effects of domestic and foreign factors, China's forex reserves is expected to maintain its stability amid fluctuations.

BEIJING - China's foreign exchange reserves edged down 0.7 percent, or $22.7 billion from a month earlier, to $3.087 trillion by the end of September, the central bank said Sunday.

Wang Chunying, spokesperson of the State Administration of Foreign Exchange, attributed the contraction to a number of factors including exchange rate conversion and changing asset prices.

"Bonds usually take up a large portion of many countries' forex reserves," said Zhao Qingming, chief economist of derivatives institute of China Financial Futures Exchange. "The interest rate hike by the Federal Reserve has led to declines in bond prices across the world, which also influenced the assest reassessment of China's forex reserves."

In addition, Japanese yen weakened over 2 percent, resulting in write-downs in the yen assets China held with its forex reserves.

According to Zhao's estimates, China's forex reserves lost about $10 billion in book value because of the weakening of yen.

Guan Tao, senior researcher of China Finance 40 Forum, said that the losses would have little impact on the practical value of China's forex reserves, unless China sold out those assets.

Although the external environment still shows lots of uncertainties, the stable fundamentals of China's economy will provide solid foundation for the steady operation of China's forex market, said Wang.

Wang forecasted that under the combined effects of domestic and foreign factors, China's forex reserves is expected to maintain its stability amid fluctuations.

Top
BACK TO THE TOP
English
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
CLOSE
 
主站蜘蛛池模板: 葫芦岛市| 石首市| 惠东县| 阳朔县| 册亨县| 溧阳市| 连江县| 衡阳市| 梧州市| 驻马店市| 册亨县| 乐山市| 石屏县| 土默特左旗| 舞钢市| 邹平县| 铜鼓县| 南靖县| 颍上县| 克东县| 固安县| 巴楚县| 唐海县| 高台县| 岳池县| 获嘉县| 乌拉特中旗| 三河市| 巴青县| 津市市| 靖宇县| 昌平区| 渝北区| 政和县| 静海县| 舞钢市| 西宁市| 开平市| 嘉荫县| 崇阳县| 稷山县|