久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Economy

Caution urged on dollar assets

By Xin Zhiming (China Daily)
Updated: 2010-02-22 07:07
Large Medium Small

Dumping could lead to domino effect and affect value of holdings

China can reduce its holdings of dollar assets, but should not "overdo" it as the country tries to adjust the structure of its dollar asset-dominated foreign exchange reserves, analysts said.

The country's foreign exchange reserves amounted to nearly $2.4 trillion by the end of last year - a third of the global total - raising concerns that the massive scale of the holdings could backfire.

About 70 percent of the reserves are dollar assets, according to various estimates by scholars, and the high proportion means that once the dollar's value slumps, China will incur huge losses.

Related readings:
Caution urged on dollar assets China's current account balance falls 35% in 2009
Caution urged on dollar assets Can China reduce foreign reserve risks?
Caution urged on dollar assets China defends currency after Obama criticism
Caution urged on dollar assets China's currency regulator to promote trade balance

But it is equally difficult for China to dump its dollar assets because that could lead to a domino effect on other investors and cause depreciation of China's holdings.

"China is in a dilemma," said Dong Yuping, economist at the Chinese Academy of Social Sciences.

According to the latest US Treasury International Capital (TIC) data, China was a net seller of US Treasuries in December, cutting its holdings by $34.2 billion to $755.4 billion.

China's share of total outstanding short- and long-term US Treasury securities among foreign holders declined to 20.9 percent in December from 23 percent in mid-2009, yielding its position as the largest investor in US treasuries to Japan.

"The data suggest that China could be more actively diversifying its currency reserves away from US Treasuries," said Jing Ulrich, managing director and chairman of China Equities and Commodities, J.P. Morgan. "We expect the country might be marginally shifting some exposure to other currencies."

While it is not clear that the selling is part of a consistent strategy, the country should keep a "considerable" proportion of dollar assets in its foreign exchange reserves, said Sun Lijian, economist with the Fudan University.

"China should not overly reduce its dollar assets, given their high market liquidity," he said. Dollar assets are relatively easy to sell if China needs quick money to safeguard its financial stability, he said.

More than a decade after the 1997-98 Asian financial crisis, there are increasing suggestions that China use its growing reserves to buy resources, technologies and attract high-caliber professionals from abroad. While they are important, Sun said, China must have enough reserves available for protecting its financial stability.

Asia was dealt a heavy blow during the financial crisis when international speculators attacked the currencies of some economies which did not have adequate reserves, plunging them into a spiral of currency depreciation, economic contraction and social chaos.

Since then, Asian countries have paid great attention to increasing foreign exchange reserves; and now, they account for seven of the top 10 nations.

As China's reserves grow, however, concerns are also growing that they could invite speculative capital inflows, especially when the country's economic recovery is quicker than in other regions.

Once the capital flows out of the country, there will be shocks to the domestic market and the economy, Sun warned.

To address the problem, China must quicken its pace of balancing domestic demand and exports as it strives to stimulate consumption as a major engine of economic growth, said Dong.

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    国产色一区二区| 亚洲aaa精品| 91视频免费观看| 亚洲自拍偷拍av| 56国语精品自产拍在线观看| 老司机午夜精品99久久| 国产欧美日韩中文久久| 91老师片黄在线观看| 亚洲国产欧美日韩另类综合| 欧美一区二区三区四区在线观看| 国产一区二区三区精品视频| 国产精品超碰97尤物18| 欧美亚洲综合色| 麻豆高清免费国产一区| 欧美国产精品中文字幕| 色www精品视频在线观看| 免费成人小视频| 国产精品拍天天在线| 欧美日韩一区在线| 狠狠色丁香久久婷婷综合_中| 国产精品电影一区二区三区| 欧美日韩在线观看一区二区| 国产一区在线观看视频| 亚洲激情成人在线| 日韩欧美国产一区在线观看| www..com久久爱| 午夜av区久久| 国产欧美一区二区精品性色超碰| 91福利国产成人精品照片| 久久66热re国产| 亚洲欧美视频在线观看视频| 欧美一级夜夜爽| 99久久精品99国产精品| 美国欧美日韩国产在线播放| 亚洲丝袜美腿综合| 日韩欧美国产三级| 色婷婷国产精品| 国产美女精品人人做人人爽| 亚洲一区二区黄色| 中文字幕乱码久久午夜不卡 | 成人综合在线网站| 午夜精品一区二区三区免费视频| 国产丝袜欧美中文另类| 欧美日韩免费不卡视频一区二区三区 | 亚洲专区一二三| 久久精子c满五个校花| 欧美日免费三级在线| 国产盗摄视频一区二区三区| 视频在线观看一区| 最好看的中文字幕久久| 欧美精品一区二区三区很污很色的 | 亚洲视频在线一区观看| 欧美成人午夜电影| 欧美午夜影院一区| 成人黄页毛片网站| 激情文学综合丁香| 国产精品99久久久久久似苏梦涵| 亚洲成人一二三| 国产精品国产三级国产aⅴ入口| 日韩久久久精品| 欧美日韩国产小视频| 91丝袜呻吟高潮美腿白嫩在线观看| 韩国精品主播一区二区在线观看 | 国产91富婆露脸刺激对白| 免费在线观看成人| 亚洲曰韩产成在线| 亚洲人成人一区二区在线观看| 国产欧美日韩精品a在线观看| 日韩欧美综合在线| 91麻豆精品国产| 在线免费不卡电影| 91免费视频网| proumb性欧美在线观看| 国产激情视频一区二区在线观看| 久久se精品一区二区| 日韩电影免费在线| 亚洲成人777| 一区二区三区精密机械公司| 中文字幕中文字幕一区| 欧美极品aⅴ影院| 久久久久国色av免费看影院| 日韩一区二区在线观看| 欧美一区午夜视频在线观看| 欧美日韩dvd在线观看| 在线观看免费一区| 色婷婷久久久亚洲一区二区三区| 成人免费高清视频在线观看| 福利电影一区二区| 国产91精品欧美| 丁香天五香天堂综合| 国产高清不卡一区二区| 国产成a人亚洲精| 国产99久久久国产精品潘金网站| 国产成人福利片| 高清在线成人网| 成人在线综合网| 成人97人人超碰人人99| 成人激情图片网| 不卡大黄网站免费看| 99re视频这里只有精品| 97超碰欧美中文字幕| 色偷偷88欧美精品久久久| 色狠狠色狠狠综合| 欧美性一区二区| 欧美久久久久中文字幕| 91麻豆精品国产91久久久久久 | 精品国产一区二区三区久久久蜜月 | 99久久精品国产一区二区三区| 99久久99久久精品国产片果冻| fc2成人免费人成在线观看播放| 成人av影院在线| 91免费视频网址| 91福利区一区二区三区| 欧美日韩国产精品自在自线| 日韩一区二区在线观看| 久久视频一区二区| 欧美国产一区在线| 亚洲丝袜精品丝袜在线| 亚洲国产精品久久人人爱蜜臀| 午夜精品久久久久久久蜜桃app| 日韩一区欧美二区| 久久电影网站中文字幕| 高清国产午夜精品久久久久久| 99久久777色| 欧美色网站导航| 精品美女一区二区三区| 欧美韩国一区二区| 亚洲你懂的在线视频| 偷拍一区二区三区四区| 精品一区二区免费看| 福利一区二区在线观看| 日本黄色一区二区| 欧美一区二区三区小说| 久久久久国色av免费看影院| 自拍偷拍亚洲综合| 亚洲18女电影在线观看| 久久爱www久久做| 波多野结衣中文字幕一区二区三区| 色诱亚洲精品久久久久久| 欧美一区永久视频免费观看| 久久精品夜夜夜夜久久| 亚洲精品网站在线观看| 日本不卡免费在线视频| 国产福利一区在线| 在线观看中文字幕不卡| 精品日韩一区二区三区免费视频| 国产精品久久久久影视| 亚洲mv在线观看| 国产夫妻精品视频| 在线视频你懂得一区二区三区| 欧美一区二区三区免费| 中文字幕精品在线不卡| 亚洲123区在线观看| 国产精品一区二区久久不卡| 欧美在线色视频| 精品福利一区二区三区| 亚洲品质自拍视频| 久久精品av麻豆的观看方式| 99re66热这里只有精品3直播| 7777精品伊人久久久大香线蕉最新版| 久久伊人中文字幕| 亚洲一区在线观看视频| 国产精品1区2区| 在线播放欧美女士性生活| 中文字幕av一区二区三区免费看 | av在线不卡免费看| 91精品国产一区二区三区香蕉| 欧美国产乱子伦| 日韩二区三区在线观看| 91色在线porny| xfplay精品久久| 午夜精品123| 91一区二区在线观看| 精品第一国产综合精品aⅴ| 一区二区三区国产精品| 高清国产一区二区| 日韩欧美中文一区二区| 亚洲一区二区三区在线看| 国产不卡免费视频| 日韩亚洲欧美一区| 亚洲精品乱码久久久久久久久| 国产福利视频一区二区三区| 欧美精品久久天天躁| 亚洲日本欧美天堂| 国产成人鲁色资源国产91色综| 欧美一级欧美三级在线观看| 亚洲精品日日夜夜| 成人黄色a**站在线观看| 久久综合色婷婷| 免费看欧美女人艹b| 欧美亚洲高清一区二区三区不卡| 国产精品亲子乱子伦xxxx裸| 精品一区二区三区视频| 欧美顶级少妇做爰| 亚洲一区二区三区四区的| 成人蜜臀av电影| 国产日产精品一区| 国精产品一区一区三区mba视频 | 欧美日韩国产大片| 一区二区三区四区在线播放|