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Thursday, May 14, 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 sum of trade access to the mouth

5 successive months of contradictory development 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 advance in the deal and trade overseas trade surplus has declined. From 1-3 months of the circumstances can be observed that the deal and trade overseas trade is the summation of 428.739 billion U.S. dollars, a diminish 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 deal and trade overseas trade there for the first five months of opposing growth. However, the deal and trade overseas worth in March, a descent in trade overseas and deals get higher, respectively, weighed against with the first two months of this year, a diminish of 6.3 percentage points and 4 percentage points .. 1 percentage purpose, from these minimal written knowledge can be judged, China's deal and trade overseas circumstances of some signals 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 advance of 6.7 billion U.S. dollars

Growth from the size of the external debt situation, still maintain a certain growth rate. As of 9 at the end of 2008, China's foreign debt amounted to 441.952 billion U.S. dollars, representing an increase of 18.29 percent at the end, of which short-term foreign debt balance of 280.043 billion U.S. dollars, representing an increase of 27.24 percent at the end.

Sun lu jun at the identical time that development from foreign exchange reserves can furthermore glimpse that foreign exchange reserves proceeded to boost, but development slowing. 3 As of the end of 2009, foreign exchange reserves stood at 1.95 trillion U.S. dollars, an boost of 16.14%. Among them, in January this year to March, development in the homeland 7.7 billion U.S. dollars of foreign exchange reserves, foreign exchange reserves in March expanded by 41.7 billion U.S. dollars, expanded by more than 6.7 billion U.S. dollars. - 21396

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