last October, China's new foreign exchange 530.18 billion yuan, a record high of 33 months. Since then, the decline in new foreign exchange last November and December were 319.643 billion yuan and 403.318 billion yuan.
foreign exchange is the acquisition of foreign assets and the corresponding bank put the national currency. In general, the trade surplus, inflows of foreign capital use and factors such as hot money from overseas is a significant increase in foreign exchange caused by the major promoter.
The statistics show that China's trade surplus in January was only 6.45 billion U.S. dollars, foreign direct investment was 10.03 billion U.S. dollars. Experts on this analysis, in January the amount of new foreign exchange are so high, a large part of which is the inflow of external liquidity.
Central University of Finance and the China Banking Research Center, Guo Tian Yong believes that in January the amount of additional foreign exchange is so high external liquidity and flow are closely related.
He further explained that the Federal Reserve restarted the end of last year known as the The choice of international liquidity.
Tan Yaling, dean of China's foreign investment that China's good economic growth, the expected appreciation of the renminbi and the U.S. and Europe compared with the difference in interest rates that exist, all of the international mobility of highly attractive.
experts point out that the increase in foreign exchange increased the base money supply directly, and through the money multiplier effect, resulting in a substantial increase in money supply, thus increasing liquidity and China difficult to manage inflation expectations and pressure. January substantial increase in foreign exchange Again, China's external liquidity pressures are still not be ignored.
, for the rate hike will be more cautious.
But experts also said that additional foreign exchange is so high is not sustainable, the next few months, China's new foreign exchange will have no small margin down.
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