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 to keep foreign exchange reserves stable

By Chen Jia | China Daily | Updated: 2018-12-08 08:10
Share
Share - WeChat
An employee counts money at a bank in Taiyuan, capital of Shanxi province. [Photo/China News Service]

Chinese foreign exchange reserves rose by $8.6 billion month-on-month in November after three months of declines, influenced in part by rising bond prices in some major countries, the central bank said on Friday.

By the end of last month, foreign exchange reserves stood at $3.06 trillion, a net drop of $78 billion since the end of 2017, the bank said.

Last month's increase was a result not only of the higher bond prices but also a strengthened US dollar, Wang Chunying, a spokeswoman for the State Administration of Foreign Exchange, said on Friday.

While there could be some fluctuations, China's foreign exchange reserves are expected to remain stable, given the sound international balance of payments, Wang said.

A more flexible foreign exchange rate regime in China could help to keep reserves stable, analysts said.

In its latest sovereign rating report, Fitch Ratings said it expects authorities to continue favoring flexibility and permitting more volatility in the Chinese yuan, rather than using the foreign exchange reserve to offset currency weaknesses.

"This would largely preserve China's sizable foreign reserve buffers," the report said.

China may allow more flexible floating of the currency next year, as the monetary authority has said it would push forward foreign exchange reform, experts said.

"Cross-border capital flows should be monitored by the Chinese monetary authority next year to prevent unexpected fluctuations, which have happened in some emerging market economies this year," said Wang Shengzu, co-head of the Investment Strategy Group Asia at Goldman Sachs Private Wealth Management.

But pressure could also accumulate as the current-account surplus may continue to narrow in 2019, according to analysts, and there is potential for higher capital outflows stemming from volatile market sentiment and further monetary policy divergence with the United States.

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: 钟祥市| 赣州市| 巢湖市| 杭锦旗| 卢氏县| 江阴市| 正镶白旗| 左权县| 陆河县| 高安市| 西城区| 永宁县| 十堰市| 吴江市| 昂仁县| 从化市| 调兵山市| 许昌市| 大姚县| 扎囊县| 本溪市| 离岛区| 吴旗县| 潍坊市| 兰溪市| 汉中市| 门头沟区| 库尔勒市| 灌阳县| 报价| 龙陵县| 遵义县| 教育| 六枝特区| 九江县| 肥乡县| 林州市| 云霄县| 亚东县| 龙里县| 安国市|