2017年CRI China forex reserves rise for 6th month as economy improves

 

China's forex regulator says it's currently seeing the most balanced supply and demand for foreign exchange in China in the past 3-years.

The State Administration of Foreign Exchange says this is mostly due to a crackdown on speculative¹ or suspect outbound investments.

The 4-month slowdown of the US dollar, which has lost around 8-percent of its value during that period, is also being cited as a factor behind a continual rise in China's forex levels.

The latest data shows China's foreign exchange reserves rose for a 6th consecutive² month in July, putting China's foreign exchange levels back above 3-trillion US dollars.

For more on this, CRI's Paul James earlier spoke³ with John Ross, Senior Fellow with Chongyang Institute for Financial Studies, Renmin University.

John Ross, Senior Fellow with Chongyang Institute for Financial Studies, Renmin University, speaking with CRI's Paul James.

1 speculative   

adj.思索性的，暝想性的，推理的

参考例句：

• Much of our information is speculative.我们的许多信息是带推测性的。
• The report is highly speculative and should be ignored.那个报道推测的成分很大，不应理会。

2 consecutive   

adj.连续的，联贯的，始终一贯的

参考例句：

• It has rained for four consecutive days.已连续下了四天雨。
• The policy of our Party is consecutive.我党的政策始终如一。

3 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。