Decline in foreign exchange reserves in China to 3.20 trillion dollars

[ltr]Decline in foreign exchange reserves in China to 3.20 trillion dollars[/ltr]

 Since 07.08.2016 at 09:55 (Baghdad time)
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[ltr]Follow-up - the balance of News[/ltr]
[ltr]The central bank data showed, Sunday, low foreign exchange reserves in China to 3.20 trillion dollars, in line with analysts' expectations.[/ltr]
[ltr]Economists polled by Reuters forecast that the reserves fall to 3.20 trillion dollars of US $ 3.21 trillion at the end of June. "[/ltr]
[ltr]It decreased China's reserves, the largest in the world, by 4.10 billion dollars in July. The reserves rose by $ 13.4 billion in June, rebounding from its lowest level for five years in May. "[/ltr]
[ltr]It showed data released on the PBOC website of China's gold reserves rose to $ 78890000000 at the end of July, an increase of US $ 77430000000 in the end of June.[/ltr]
[ltr]Net foreign exchange sales jumped by the PBOC in June to the highest level in three months, as the central bank sought to protect the yuan from the market volatility caused by Britain's decision to leave the European Union.[/ltr]
[ltr]Forex regulator recently to China, said that China will be able to maintain the cross-border capital flows, given the firm foundations of a relatively sound economic and solid current account and ample foreign exchange reserves of surplus.[/ltr]
[ltr]Foreign reserves have fallen in China rose to a record $ 513 billion last year after the devaluation in the value of the yuan in August, prompting a flood of capital inflows that anxiety in world markets.[/ltr]
[ltr]The decline in the yuan further 2 percent this year, and is hovering near its lowest level in six years, but official statements indicate the escape of speculative capital under control at the moment, thanks to capital controls more stringent regulations and currency trading.[/ltr]
[ltr]However, economists are divided on how much money is still flowing out of the country via other channels, with unclear policies, and some inconsistencies in the data raised doubts that the decline in the value of the yuan may mask pressure flow of capital.[/ltr]
[ltr]After the decline of the yuan to below the psychologically important 6.7 / dollar on July 18, he saw a moderate recovery as the central bank stepped in to control the pace of consumption have.[/ltr]
[ltr]However, most observers expect China it would resume its decline soon, risking a renewed surge in flows.[/ltr]
[ltr]And a Reuters poll showed on Wednesday, analysts Yuan believes could fall more than 3 percent against the dollar a year ago, more than expected just a month ago, as the struggling economy to maintain the momentum and as the dollar edges up on views for higher US rate at the end eventually.[/ltr]
[ltr]The central bank said on Wednesday that China will keep the yuan stable, mainly by continuing the reform of the interest rate on the market price.[/ltr]
[ltr]The expansion of the country's economy is slightly faster than expected in the second quarter, but the growth of private investment has shrunk to its lowest level, which refers to the record twice, in the future, could put pressure on the government to put up more support ".anthy 29 / GS 18 measures[/ltr]




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