china's forex reserve tops us$1.2trln-凯发k8官网

china's forex reserve tops us$1.2trln
文章来源: 文章作者: 发布时间:2007-04-13 07:17 字体: [ ] 
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beijing, april 13 - china's foreign exchange reserve reached 1.2 trillion u.s. dollars by the end of march, up 37.36 percent from the same period last year, the people's bank of china announced here thursday.

 

"i'm not surprised at the figure," cai zhizhou, an 1 with beijing university, said and added that forex sharp rise has become "normal".

 

china's forex reserve came to 609.9 billion u.s. dollars by 2004, 818.9 billion u.s. dollars by 2005 and 853.6 billion u.s. dollars by the end of last february, making the country overtake japan to become the biggest foreign reserve 2 of the world.

 

"the rising trade surplus is the major factor contributing to the forex reserve boom," cai said and 3 out that low prices of chinese goods contributed to the rising trade surplus.

 

"china needs forex reserve to avoid financial risks as the country's 4 on foreign trade is going up," said cai.

 

china's foreign trade has risen by more than 20 percent 5 since 2002 while the ratio of foreign trade to gdp has risen from 30 percent to nearly 70 percent during the same period.

 

the country's trade surplus reached 46.44 billion u.s. dollars in the first quarter, nearly double the 23.3 billion u.s. dollars surplus in the same period last year.

 

however, the rising trade surplus has brought increasing trade 6 between china and its trade partners.

 

to balance, the country has lowered and is considering to further lower export 7 on certain goods, ranging from steel to textile.

 

the trade surplus in march went down to 6.87 billion u.s. dollars, cracking the 10 billion mark for the first time since march 2006 and showing a downward trend.

 

"a large-scale forex reserve may backfire," said cai. "it is the major reason leading to the excess 8 in china."

 

the central bank has to spend quantities of basic money to purchase foreign exchange, thus 9 the problem of surplus fluidity

 

on the other hand, continuous growth of forex reserve has in fact increased the pressure on 10 of the chinese currency, which in turn has exerted greater pressure on value 11 of china's forex reserve.

 

it is estimated that by 2010, china's forex reserve will reach 2.9 trillion u.s. dollars. china thus plans to launch a state forex investment company.

 

the investment company will issue 200 billion to 250 billion u.s. dollars of rmb-denominated bonds. money to be raised will be firstly used as strategic investment for energy enterprises like cnooc, earlier reports said.

 



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1 auhzvs     
n.经济学家,经济专家,节俭的人
参考例句:
  • he cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • he's an economist who thinks he knows all the answers.他是个经济学家,自以为什么都懂。
2 wc4xq     
n.持有者,占有者;(台,架等)支持物
参考例句:
  • the holder of the office of chairman is reponsible for arranging meetings.担任主席职位的人负责安排会议。
  • that runner is the holder of the world record for the hundred-yard dash.那位运动员是一百码赛跑世界纪录的保持者。
3 il8zb4     
adj.尖的,直截了当的
参考例句:
  • he gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
  • she wished to show mrs.john dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。
4 3wsx9     
n.依靠,依赖;信任,信赖;隶属
参考例句:
  • doctors keep trying to break her dependence of the drug.医生们尽力使她戒除毒瘾。
  • he was freed from financial dependence on his parents.他在经济上摆脱了对父母的依赖。
5 vzyzno     
adv.一年一次,每年
参考例句:
  • many migratory birds visit this lake annually.许多候鸟每年到这个湖上作短期逗留。
  • they celebrate their wedding anniversary annually.他们每年庆祝一番结婚纪念日。
6 c3b12b9aeb795425cb3a97ab92bf2232     
n.摩擦( friction的名词复数 );摩擦力;冲突;不和
参考例句:
  • family frictions can interfere with a child's schoolwork. 家庭中的争吵会影响孩子的学业。 来自《简明英汉词典》
  • as far as we are concerned, these frictions are not of our own making [have been imposed on us]. 就我们来说,这种摩擦是被动式的。 来自《现代汉英综合大词典》
7 5862cab7436152bb9726585397fb1db9     
n.退还款( rebate的名词复数 );回扣;返还(退还的部份货价);折扣
参考例句:
  • the vat system offers advantages, such as rebates on exports. 增值税有其优点,如对出口商品实行回扣。 来自辞典例句
  • in more recent years rate rebates have been introduced for households. 近年地方税的减免已适用于家庭。 来自辞典例句
8 vrxzb     
n.流动性,偿债能力,流动资产
参考例句:
  • the bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • the demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
9 a730a877bac97b818a472d65bb9eed6d     
adj.恼人的,讨厌的
参考例句:
  • how aggravating to be interrupted! 被打扰,多令人生气呀!
  • diesel exhaust is particularly aggravating to many susceptible individuals. 许多体质敏感的人尤其反感柴油废气。
10 pv9zs     
n.评价;欣赏;感谢;领会,理解;价格上涨
参考例句:
  • i would like to express my appreciation and thanks to you all.我想对你们所有人表达我的感激和谢意。
  • i'll be sending them a donation in appreciation of their help.我将送给他们一笔捐款以感谢他们的帮助。
11 glnzyu     
n.保护,维护,保存,保留,保持
参考例句:
  • the police are responsible for the preservation of law and order.警察负责维持法律与秩序。
  • the picture is in an excellent state of preservation.这幅画保存得极为完好。
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