BEIJING
Men's Nike Air Max 97 KPU TPU All Black UK Sale , Aug. 7 (Xinhua) -- China's forex reserves rose for a sixth consecutive month in July as pressure
from capital outflows eased and the value of the U.S. dollar weakened, data from
the central bank showed Monday.
Forex reserves reached 3.081 trillion U.S. dollars by the end of July, increasing 23.93 billion U.S. dollars from a month earlier, according to the
People's Bank of China.
It is the first time that the reserves expanded for six months in a row since June 2014.
In an online statement
Nike Men's Air Max TN Triple Black UK Sale , the State Administration of Foreign Exchange (SAFE) attributed the rise to stable cross-border capital flows
and the relative appreciation of non-U.S. dollar currencies.
The U.S. dollar declined against most major currencies last month due to political uncertainty in Washington and weak economic data.
The dollar index, which measures the greenback against six major peers, went down 2.89 percent in July, driving up the rise in dollar-denominated reserves.
There had been concerns over capital flowing out of the Chinese market in the second half of 2016
Air Max TN Men's Black White UK Sale , when the economy was facing looming downward pressures and the Chinese yuan was in the middle of a losing
streak against the U.S. dollar.
As China's economy stands on a firmer footing and the yuan continues to stabilize, the stockpile has increased steadily from February.
China's economy expanded 6.9 percent for the first half of 2017, with consumption and services, together with new innovation-driven economic
sectors
Men's Nike Air Max TN Crisom UK Sale , taking up larger roles in the economy, prompting global institutions such as the IMF to raise GDP forecasts
for the country.
With such positive changes continuing to accumulate and China further opening up the financial market, cross-border capital flow will further stabilize,
according to SAFE.
The regulator said last month that the country was seeing its most balanced forex market supply and demand in three years due to improving economies at home
and abroad as well as an intensified crackdown on irregularities.
The impact of U.S. Federal Reserve interest rate hikes on China's cross-border capital flows have diminished
Men's Nike Vapormax Collegiate Navy Black UK Sale , and the risks of large-scale capital outflows from China will notably ease, according to SAFE
spokesperson Wang Chunying.
Monday's data also showed that the country's gold reserves rose to 75.08 billion dollars by the end of July from 73.59 billion dollars at the end of
June.
Research vessel "Kexue" leaves Shenzhen for scientific expeditionTourists enjoy scenery of Diaoshuilou Waterfall in NE ChinaFarmers busy with farm work across ChinaOld castle attracts tourists in China's ShanxiWeekly choices of Xinhua photo (July 31 - Aug. 6)In pics: Daofu Tibetan houses in SW China's SichuanIn pics: lotus flowers amid morning mist in E China1st high speed railway in Inner Mongolia starts operationLISBON, March 17 (Xinhua) -- Portugal will be unable to bring down its deficit target to below 3 percent of Gross Domestic Product (GDP), the
International Monetary Fund (IMF) said in a statement released on Tuesday.
The IMF said that Portugal's public deficit will reach 3.2 percent of GDP this year
Men's Nike VaporMax Light Grey White UK Sale , though it revised its growth forecast upward from 1.2 percent to 1.5 percent.
The IMF mission chief Subir Lall also stressed the need for the country to implement "a deep reform of the state," in order to "improve the functioning of
the public administration."
The IMF representatives arrived in Lisbon on March 5 to carry out its annual assessment of the Portuguese economy and on Tuesday released its preliminary
conclusions.
The Portuguese government has insisted that the country can reach its deficit target of below 3 percent this year, with Prime Minister Pedro Passos Coelho
insisting that the country must not slow down its pace of reforms.
Portugal signed a 78-billion-euro bailout fund in May 2011 with the European Commission, the International Monetary Fund and the European Central Bank when
it was on the verge of bankruptcy. Portugal exited its bailout program in May
last year.
The IMF lent Portugal 26.9 billion euros
Nike Vapormax 2018 Men's Black Colorful UK Sale , which carried a 3.7 percent tax rate and an average loan maturity of 7 years. The Portuguese
government recently revealed it is planning to pay its 14- billion-euro IMF debt
early to take advantage of low borrowing costs for European peripheral
governments.
WASHINGTON, March 27 (Xinhua) -- U.S. economic growth decelerated in the fourth quarter of 2014 and is likely to slow further in the first quarter of
2015 despite robust consumer spending, the U.S. Commerce Department said Friday.
The U.S. economy expanded at an annual rate of 2.2 percent in the fourth quarter, unchanged from the second estimate released last month
Nike Vapormax 2018 Men's Orange Black UK Sale , the Department said in a report on the final estimate of the U.S. gross domestic product (GDP).
That marked a large slowdown from a 4.6-percent growth in the second quarter and a 5-percent growth in the third quarter, reflecting weak trade figures and
government spending.
For the whole year of 2014, the U.S. economy expanded 2.4 percent, slightly higher than that in 2013.
The fourth-quarter GDP growth stays unrevised as the larger-than-expected increases in exports and personal consumption expenditures largely offset a
downward revision to private inventories
Women's Nike Vapormax 2018 Purple UK Sale , according to the report.Personal consumption, which accounts for about 70 percent of overall economic activity, grew at an annual rate of of 4.4 percent in the fourth quarter, more
strongly than previously estimated and the fastest pace since 2006. It added
2.98 percentage points to the overall economic growth in the quarter.
While exports grew at 4.5 percent in the fourth quarter
Vapormax 2018 Women's Nike Grey Pink UK Sale , up from 3.2 percent in the previous estimate, trade deficit sliced off 1.03 percentage points of the
fourth-quarter growth as imports rose sharp.
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