亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

Home / 2007 NPC CPPCC Sessions / Latest Updates Tools: Save | Print | E-mail | Most Read | Comment
China Seeks More Channels to Use Massive Foreign Exchange Reserves
Adjust font size:

China is seeking more channels to use its massive foreign exchange reserves, which are expected to continue growing after it quintupled in the past five years, said some financial experts before the annual session of the country's top political advisory body that opens Saturday afternoon.

Contrary to its past policies, the country is implementing stricter regulation on incoming foreign exchanges and loosening rigid controls on outgoing reserves, said Huang Zemin, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and head of the International Finance Institute of East China Normal University.

The foreign exchange reserves reached US$1.066 trillion at the end of 2006, up from 212.2 billion dollars at the end of 2001, according to the People's Bank of China.

The advisor said the country is seeking more channels to ease the pressure generated by rising foreign reserves, allowing businesses to keep a larger share of their foreign income and encouraging overseas financial investment in the form of qualified domestic institutional investors (QDII).

The State Administration of Foreign Exchange (SAFE) granted 15 banks overseas investment quotas totaling US$13.4 billion in 2006. Meanwhile, 15 insurance companies were granted overseas investment quotas of US$5.17 billion and one fund management company was given a quota of US$500 million.

The Chinese government should make use of its foreign reserves and play a more active role in world economy, said CPPCC National Committee member Guo Guoqing, a professor with the Renmin University of China based in Beijing.

Guo suggested China use part of its trade surplus to import technologies and resources.

More than 2,200 CPPCC National Committee members are expected to gather for the Fifth Session of the 10th CPPCC National Committee that will last 12 days.

(Xinhua News Agency March 3, 2007)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Lawmakers Arrive in Beijing for Annual Session
- China's Advisors Urge Protection of Ancient Canal
- Beijing-Tianjin Express Railway Expected by Political Advisors
- Political Advisers from Army Care About People's Livelihood
Most Viewed >>
- Shanghai fuel oil futures jump 3.14%
- Fuel shortage as crude oil prices rocket
- CNOOC's 2 oil and gas fields start production in Bohai Bay
- More oil futures products needed
- Promoting civil servants
- New endeavor to build a harmonious world
- Chinese Oil Refining Business Under Pressure
- Will Raising Processed Oil Prices Push Up the CPI?
- Fuel oil futures trading robust
- Scientists seek keys to urban development

Product Directory
China Search
Country Search
Hot Buys
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码