全部版块 我的主页
论坛 提问 悬赏 求职 新闻 读书 功能一区 真实世界经济学(含财经时事)
3444 24
2011-07-13
China Renews Pressure on Prices


THE WALL STREET JOURNAL ,13.07,2011
The People’s Bank of China said Tuesday that financial institutions issued 633.9 billion yuan of new loans in the local currency in June, or about $98 billion,up 15% from the May figure and above economists’ expectations of 595 billion yuan. A flood of bank lending in recent years has been one factor driving up consumer prices, which rose 6.4% in June, their fastest pace in three years.

Economists generally expect that the central bank is done raising interest rates this year. But they expect the PBOC to continue increasing the share of deposits that banks must set aside, rather than lend, and many economists have said further rate increases can’t be ruled out—especially if inflation defies expectations that it will start declining in July.

The central bank  data on Tuesday also showed that China accumulated $152.8 billion of foreign-exchange reserves in the second quarter, bringing it stotal stock to $3.198trillion.The central bank purchases foreign exchange that enters thecountry by printing new yuan, adding to the money supply. Economists with Japaneses ecurities firm Nomura said the forex purchases in the second quarter would compel the central bank to raiser equired reserve levels again to“mopup” the added liquidity.

Though a considerable increase, the April-June figure was down from nearly $200 billion in both the first quarter and the fourth quarter last year. UBS economist Wang Tao said the slow down in foreign reserve accumulation was likely due to less inflows of speculative capital.
She estimated that such inflows fell to around $24 billion,from around $90 billion in the last two quarters. That is likely to be welcome news to China, which often frets about the destabilizing impact of such inflows, and may be seen as a silver lining for Beijing amid the economic slow down.
Last week, People’s Bank of China adviser Li Daokui joked on his personal microblog that China“ought to thank” foreigners for being so bearish on the Chinese economy, as this had reduced fund inflows.


It is my first time to join FOLLOW ME,so selected a few paragraphs of an easy article, fighting.
二维码

扫码加我 拉你入群

请注明:姓名-公司-职位

以便审核进群资格,未注明则拒绝

全部回复
2011-7-14 04:04:12
What an informative short article it is! Lending booming and absorbing foreign reserve  leads to continuous inflation. It is a good time for hot money coming to enjoy the party. I hope the central bank could curb the foreign speculative capital streaming into our banking system. The fears of high inflation boosts the probability of raising interest rate, and the high deposits reserve seems to have little help to the current situation. Fortunately, the latest GDP data 9,5%, better than the consensus 9.3%, provides confidence to the market and reduces the threats of “Hard Landing”
二维码

扫码加我 拉你入群

请注明:姓名-公司-职位

以便审核进群资格,未注明则拒绝

2011-7-14 07:18:24
大家积极为楼主评分~
二维码

扫码加我 拉你入群

请注明:姓名-公司-职位

以便审核进群资格,未注明则拒绝

2011-7-14 08:26:57
65,65加油,可我现在没办法给你评分,以后补上啊
二维码

扫码加我 拉你入群

请注明:姓名-公司-职位

以便审核进群资格,未注明则拒绝

2011-7-14 09:35:05
看过留脚印
二维码

扫码加我 拉你入群

请注明:姓名-公司-职位

以便审核进群资格,未注明则拒绝

2011-7-14 09:43:03
forex
由 foreign 和 exchange 拼缀而成, 外汇交易市场
mop up
1. 用拖把拖洗 2. 结束;完成
fret
苦恼;烦躁;发愁[(+about/at/for/over)]
silver lining
一线希望

According to the latest report by the National Bureau of Statistics, China economic growth eases to 9.5% in Q2. The figure was higher than the 9.4 percent growth forecast in a poll of analysts by Dow Jones Newswires, but slower than the 9.7 percent posted in the first three months of the year and 9.8 percent in the fourth quarter of 2010. The slowdown in growth comes amid concerns China is heading for a hard landing .
二维码

扫码加我 拉你入群

请注明:姓名-公司-职位

以便审核进群资格,未注明则拒绝

点击查看更多内容…
相关推荐
栏目导航
热门文章
推荐文章

说点什么

分享

扫码加好友,拉您进群
各岗位、行业、专业交流群