Home>News Center>China
       
 

Researcher: China unlikely to sell dollars
(Reuters)
Updated: 2006-01-10 16:00

China is unlikely to sell current U.S. dollar assets in its foreign reserves to diversify its holdings, the chief of research at the central bank said on Tuesday, contradicting market speculation.


China says US dollar assets still dominate its $800 billion of reserves.
Media last week had wrongly interpreted a statement from the foreign exchange regulator as meaning that China would sell U.S. dollar assets, Tang Xu, director-general of the research bureau of the People's Bank of China, told Reuters.

The reserves now exceeded $800 billion, he said.

Asked whether the yuan would appreciate sharply, Tang said: "It is unlikely."

The new forex trading system introduced since the currency's 2.1 percent revaluation in July was more flexible and responsive to market supply and demand, he added.

"The general trend is that every country wants to diversify its reserves," Tang said on the sidelines of a conference.

"No one is willing to put all of their eggs in one basket and it is impossible for China to put all its forex reserves, which exceed $800 billion, in one currency.

"But it is unlikely that China would reduce its current dollar assets to increase the proportion of other assets," he said.

Dollar assets still dominated the reserves, whose mix was based on the currencies that denominated China's exports and imports.

On Thursday, China's State Administration of Foreign Exchange issued a statement on its priorities for 2006 and said it would "improve the operation and management of foreign exchange reserves and actively explore more effective ways to utilise reserve assets."

Investors globally and some media took that as a hint that China may diversify into other currency holdings or commodity-based assets.

"That was definitely a misunderstanding," Tang said.



North American International Auto Show
Hangzhou in preparation for Spring Festival
Head-on collision kills 12 in Qinghai
  Today's Top News     Top China News
 

Catholicism flourishes in Yunnan's Tibetan village

 

   
 

Researcher: China unlikely to sell dollars

 

   
 

8th human case of bird flu reported

 

   
 

Scientists faked two papers but cloned dog

 

   
 

China, Japan to discuss oil dispute

 

   
 

Soros sees chance of recession in 2007

 

   
  CNOOC taps into Nigerian resources
   
  Innovation 'holds key to progress'
   
  8th human case of bird flu reported
   
  China's Chery cars to make US debut in 2007
   
  'Cleaning up Songhua River is a priority'
   
  China, Japan to discuss oil dispute
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
China takes another step towards flexible yuan
   
China reforms forex rate forming mechanism
   
China must beware dollar fall - bank adviser
   
China restates yuan to rise gradually
   
China vows further forex, capital account reform
   
Stronger RMB level in line with forex rules
   
White House: China not manipulating money
  News Talk  
  It is time to prepare for Beijing - 2008  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 日本大片在线播放在线| jux900被公每天侵犯的我| 欧美性理论片在线观看片免费| 国产凌凌漆免费观看国语高清| 再深点灬舒服灬在快点视频| 香蕉免费一区二区三区| 国产精品久久久久久久伊一| 97久久精品午夜一区二区| 女人把私人部位扒开视频在线看| 中文字幕乱人伦视频在线| 日本爽爽爽爽爽爽在线观看免| 国产成人久久综合二区| 91国高清视频| 大学生一级特黄的免费大片视频 | 粗壮挺进邻居人妻| 国产一区二区不卡免费观在线| 国产精品婷婷久青青原| 国产精品成人99一区无码| 91欧美在线视频| 在线jlzzjlzz免费播放| freehd182d动漫| 嫩草香味在线观看6080| 一边伸舌头一边快速喘气音频原声| 无码丰满熟妇浪潮一区二区AV| 久久国产精品久久国产精品| 日韩欧美aⅴ综合网站发布| 乱色熟女综合一区二区三区| 欧美a级在线观看| 亚洲人成在线观看| 欧美亚洲日本视频| 亚洲区精品久久一区二区三区| 欧美日韩亚洲国产精品| 亚洲无码在线播放| 欧美日韩a级片| 亚洲国产精品无码久久一线| 欧美成人高清WW| 亚洲国产成人久久精品app| 欧美人禽猛交乱配| 亚洲乱码一区二区三区在线观看| 欧美人与动欧交视频| 亚洲伊人成无码综合网|