Sunday 26 April 2009

SAFE: there has been no large-scale capital outflow occurrence

By Zou himfr

It is reported that yesterday's State Administration of Foreign Exchange, deputy director of capital Sun lu jun in "the third seminar on cross-border investments of Chinese enterprises", said the total amount of foreign capital inflows still maintain a certain size, there has been no large-scale capital outflow phenomenon. Senior foreign exchange analyst at Bank of Ye yao ting said that the RMB exchange rate against the U.S. dollar in the second quarter will remain stable.

The summation of trade entry to to the mouth

5 following months of opposing expansion or slow down

Sun lu jun investigation, from 2008 onwards, subject to worldwide and household financial and economic position, particularly the farther disperse of the international economic urgent position and deepening the influence of China's foreign exchange income and expenditure for several new positions and alterations, mostly in overseas-funded The scale and stride of inflows has slowed down down. Generally talking, although, there has been no large-scale capital outflow phenomena. From the whole worldwide balance of payments position, regardless of the surplus of development become more mild, but still sustain a surplus.

Sun lu jun, the boost in the trade and trade items trade surplus has declined. From 1-3 months of the position can be glimpsed that the trade and trade items trade is the addition of 428.739 billion U.S. dollars, a decline of 24.9% year-on-year, a trade surplus of 62.34 billion U.S. dollars. This is the second in November last year, China's trade and trade items trade there for the first five months of contradictory growth. However, the trade and trade items worth in March, a down turn in trade items and trades increase, respectively, contrasted with the first two months of this year, a decline of 6.3 percentage points and 4 percentage points .. 1 percentage issue, from these rudimentary facts and numbers can be judged, China's trade and trade items position of some indications of improvement.

In augmentation, the real utilization of foreign financial endeavour is still upholding a certain amount, but the expansion rate reduced tempo down. It is comprehended that in January this year to March, the real utilization of foreign capital to 21.78 billion U.S. dollars, up 2 .. 6% decline. From the ring than on the written knowledge, since July 2008, the real use of foreign direct financial endeavour has dropped. But in March from the real use of foreign financial endeavour written knowledge, the descent was notably worse than the first two months of descent, and in March the allotment of real use of foreign record 9-month high.

Foreign exchange reserves in March year-on-year boost of 6.7 billion U.S. dollars

Growth from the dimensions of the external liability position, still sustain a certain development rate. As of 9 at the end of 2008, China's foreign liability amounted to 441.952 billion U.S. dollars, comprising an boost of 18.29 per hundred at the end, of which short-term foreign liability balance of 280.043 billion U.S. dollars, comprising an boost of 27.24 per hundred at the end.

Sun lu jun at the same time that growth from foreign exchange reserves can also see that foreign exchange reserves continued to increase, but growth slowing. 3 As of the end of 2009, foreign exchange reserves stood at 1.95 trillion U.S. dollars, an increase of 16.14%. Among them, in January this year to March, growth in the country 7.7 billion U.S. dollars of foreign exchange reserves, foreign exchange reserves in March increased by 41.7 billion U.S. dollars, increased by more than 6.7 billion U.S. dollars.

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