Latest News:  
Beijing   Sunny    4 / -4   City Forecast

People's Daily Online>>China Business

China’s forex reserves to decrease in 2012

(People's Daily)

16:14, February 14, 2012

Edited and translated by People's Daily Online

China’s foreign exchange reserves have begun to decline both in magnitude and in growth rate. In 2011, China’s foreign reserves rose by 384.8 billion U.S. dollars, the lowest in the past five years.

The falling growth rate is due to two reasons. First, Chinese financial sector has adjust its exchange rate policy. Second, international speculative capital expects the devaluation of yuan.

Seizing the falling trend, Chinese exchange reserves will continue to decrease in 2012, estimated Lian Ping, chief economist of Chinese Bank of Communications.

With the dropping economic growth, China’s economy is no longer as heating as in the past, and that is the main reason among others why Chinese exchange reserves are dwindling.

Email|Print|Comments(Editor:马茜)

Leave your comment1 comments

  1. Name

helen at 2012-02-14141.0.8.*
An election year for the US and may be strategically prudent to sell down the US Treasuries below that of Japan to facilitate their electioneering scapegoating. Let the Japanese take the heat for a change in 2012 ...
  

Selections for you


  1. Candlelight vigil in memory of Whitney Houston

  2. "The Flowers of War" attends Berlinale film festival

  3. People enjoy Valentine's Day in Harbin

  4. 24k gold leaf face mask therapy

Most Popular

Opinions

  1. China, EU should cooperate calmly and rationally
  2. Chinese VP's US visit strengthens bilateral ties
  3. Returning to Libya not easy for Chinese companies
  4. Xi’s visit offers chance to renew consensus
  5. China should continue tight monetary policy
  6. Developing nations' interests shouldn't be sacrificed
  7. Outlook for US economy still not optimistic
  8. Why surrogacy business flourishes despite ban?
  9. Safeguarding Chinese employees abroad
  10. Such a run of luck cannot be allowed to fail

What's happening in China

Online luxury market soaring

  1. Bureau plays matchmaker for single police officers
  2. Chinese elderly get into Valentine's spirit
  3. Fog stops ferry service in S China strait
  4. Beijing to build disposal system for waste edible oil
  5. China Express Airlines to buy six Bombardier plane

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai