--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar


Hot Links
China Development Gateway
Chinese Embassies

Manufacturers, Exporters, Wholesalers - Global trade starts here.

Forex Watchdog Releases Report on Int'l Payments

China will try to boost its imports and keep the momentum in export growth in the coming months, with an aim to reducing a rapidly growing trade surplus that has drawn fire from its major trading partners.

The State Administration of Foreign Exchange (SAFE), China's foreign exchange regulator, said on Sunday that the country is expected to continue to witness a "sizeable" surplus in its international payments during the second half of this year, which will further boost its forex reserves.

In its first report on the nation's international balance of payments (IBP) released on Sunday, the administration said the surplus in its current account, which covers mostly trade in commodities and services as well as current transfers such as remittances from overseas Chinese, ballooned by 801 percent on a year-on-year basis to US$67.3 billion in the first half of this year.

SAFE said it will publish half-year IBP reports from this year onwards.

The current account surplus mainly comes from commodities trade, which reported a US$54.2 billion surplus in the first half of the year, surging by 823 percent year-on-year on the back of factors such as weak domestic demand, a stronger manufacturing industry, as well as healthy global economic growth, it said.

For capital and financial accounts, the other aspect of IBP, the surplus shrank by 43 percent year-on-year to US$38.3 billion, driven mostly by a deficit in portfolio investments, SAFE said.

In the second half of the year, as the government strived to boost spending and accelerate the development of the capital market, the administration said the current account surplus is likely to maintain its growth momentum, while the capital and financial account surplus might witness slow growth.

To balance its international payments, the nation will try to boost imports of strategically important raw materials, resources as well as advanced technologies and equipment, while reducing exports of highly-polluting and energy-consuming products, SAFE said.

It will also channel more foreign investment to central and western regions as well as to high-tech industries.

The administration expressed worries that the rapid increase in forex reserves, which rose to US$711 billion at the end of June, might have an impact on monetary policy implementation, inflation as well as the likely creation of an asset bubble.

(China Daily November 28, 2005)

Channel for Indirect Overseas Listing Reopened
New Rules for Overseas Investments
Foreign Exchange Market Gets a Boost
Watchdog to Loosen Forex Restrictions
Overseas Borrowing Doubles to US$76.8 Bln in Q1
Regulators Relax Forex Rules
SAFE: Country Not Reducing US Dollar Holdings
New Regulation to Curb Illegal Forex Trades
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 日韩在线一区二区三区免费视频| 熟妇人妻videos| 国产成人无码AⅤ片在线观看| 99日精品欧美国产| 精品久久久噜噜噜久久久| 国产在线精品一区二区| 菠萝视频在线完整版| 国内精品久久久久精品| jizz老师喷水| 怡红院亚洲红怡院在线观看| 久久久久久久99精品免费观看 | 成人观看天堂在线影片| 久久精品aⅴ无码中文字字幕不卡| 欧美午夜成年片在线观看| 亚洲男女性高爱潮网站| 猫咪免费人成在线网站| 十三以下岁女子毛片免费播放| 色综合久久91| 国产亚洲精品aaaaaaa片| 91丁香亚洲综合社区| 国产精品jizz观看| 4480新热播影院| 国内不卡一二三四区| 99久久香蕉国产线看观香 | 国内精品久久久人妻中文字幕 | 成人网视频免费播放| 久久久久久久久影院| 日本特黄特色aaa大片免费| 久久综合热88| 日韩系列第一页| 五月婷婷在线免费观看| 最近更新中文字幕第一电影| 亚洲国产亚洲综合在线尤物| 欧美成人精品第一区二区三区 | 高清不卡毛片免费观看| 国产成人免费一区二区三区| 欧美性巨大欧美| 国产欧美高清在线观看| 亚洲sss综合天堂久久久| 国产精品久久久| 五月婷婷激情网|