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

Stable forex market likely this year

By Zhou Lanxu and Chen Jia | China Daily | Updated: 2019-01-19 08:05
Share
Share - WeChat
Capital flows into China are set to grow, especially direct and securities investment inflows, the regulator said. [Photo/VCG]

Resilient economy, opening-up to keep yuan on an even keel, says regulator

China will witness a largely stable foreign exchange market and a more balanced international payment system this year, the nation's currency regulator said on Friday.

The resilient Chinese economy, the ongoing opening-up, and a vastly improving foreign exchange market will help to stabilize the yuan, said Wang Chunying, a State Administration of Foreign Exchange spokeswoman.

"The recent currency fluctuations have been beneficial for the diverse and rational market expectations," Wang said.

A probable slowdown in the pace of interest rate hikes by the US Federal Reserve and a weaker appreciation momentum for the greenback will also help to stabilize China's foreign exchange market, Wang said. "We will use market-based counter-cyclical measures to regulate fluctuations in the nation's foreign exchange market."

Last year, the country achieved a basic equilibrium in its balance of international payments and the rational surplus in the current account, which helped to offset a deficit in the non-reserve financial account. Though there was a current account deficit in the first quarter, it was followed by a surplus in the second quarter, a trend that extended into the remaining two quarters, SAFE said.

The regulator expressed confidence that China's international payments will continue in a balanced manner, given the sound performance of the current account and "the rather large room" for the nation to attract mid to long-term capital.

The country's current account balance will remain at rational levels as the manufacturing sector upgrade helped improve global competitiveness and residents' cross-border consumption patterns will become more rational.

Capital flows into China are set to grow, especially direct and securities investment inflows, the regulator said.

"The proportion of foreign investment in the domestic capital markets is low. New policies will help to further open the capital markets and facilitate foreign investment. China will become an important destination for international capital," said Wang.

Such policies include further broadening market access, strengthening intellectual property protection, facilitating trade and investment, and further opening up of capital markets, she said.

"SAFE will optimize foreign exchange management services to further promote trade and investment liberalization and facilitation."

The administration will also deepen two-way opening-up of the foreign exchange market this year, further enriching trading tools and enlarging the scope of trading entities. Besides deepening the reform and opening-up of foreign exchange management, SAFE will also focus on improving its ability to prevent and resolve risks in cross-border capital flows.

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: 旌德县| 南川市| 东阳市| 普兰店市| 兴仁县| 阳山县| 武义县| 灵璧县| 井研县| 格尔木市| 达孜县| 崇明县| 巴马| 常州市| 垦利县| 唐河县| 涟源市| 安龙县| 淄博市| 峨山| 双辽市| 丰都县| 靖西县| 剑川县| 榕江县| 宜君县| 古蔺县| 常宁市| 旌德县| 灵台县| 紫金县| 梁山县| 伊通| 罗定市| 常州市| 镇康县| 孝感市| 五大连池市| 霍城县| 广州市| 如皋市|