综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

China's money outflow not investment withdrawal: authority

(Xinhua) Updated: 2016-02-05 08:03

China's money outflow not investment withdrawal: authority

A Chinese resident displays his Chinese currency and US dollar banknotes in Qionghai city, South China's Hainan province, Mar 15, 2014. [Photo/IC]

BEIJING - China's capital outflow last year should not be equated with withdrawal of foreign investment, forex administrant said on Thursday.

The outflow occurred as domestic banks and enterprises vigorously increased holdings of overseas assets and repaid debts, the State Administration of Foreign Exchange (SAFE) said when answering questions from reporters.

"There is an essential difference with the so-called withdrawal of foreign capital," the SAFE said.

In the first three quarters of last year, China's overseas assets increased by $272.7 billion, and deposits in foreign banks and lending to foreign companies rose by $96.9 billion, data showed.

China's overseas net financial assets ranks second in the world, which inevitably prompts capital outflow as long as China maintains its current account surplus, the SAFE said.

By the end of 2015, China's foreign exchange reserves shrank to $3.3 trillion, but is still the world's largest.

China's huge reserve assets and stable external debt structure can provide strong resistance to impacts from capital flows, the SAFE said.

China's balance of international payments

China saw a capital account deficit in the fourth quarter of 2015 after a surplus registered in the previous quarter.

The deficit under the capital and financial account stood at $84.3 billion during the Sept-Dec period, reversing the surplus of $11.4 billion three months previous, according to preliminary statistics released by the SAFE.

In the meantime, reserve assets, most of which are foreign exchange, decreased by $115 billion, narrowing from a drop of $160 billion in the third quarter.

China started to post deficits on its capital and financial account in the second quarter of 2014 due to rapid increases in overseas investment and speculation on depreciation of the yuan.

China reported a current account surplus of $84.3 billion in the fourth quarter, up from $60.3 billion posted in the third quarter.

For the whole of 2015, China saw a current account surplus at $293 billion, a capital and financial account deficit at $161 billion and a reserve assets drop at $343 billion.

Hot Topics

Editor's Picks
...
普兰县| 宣恩县| 衡阳县| 鱼台县| 江达县| 镇雄县| 招远市| 商南县| 金华市| 宝丰县| 蒙山县| 长武县| 南平市| 青河县| 三江| 石景山区| 托克逊县| 潼关县| 夏津县| 兖州市| 明光市| 宜君县| 建湖县| 乐昌市| 合肥市| 申扎县| 盖州市| 滕州市| 遂平县| 德格县| 宁夏| 芜湖市| 新营市| 庄河市| 安远县| 墨脱县| 伽师县| 兴海县| 晋州市| 阳谷县| 建瓯市|