Data Show That In May, China Reduced US $300 Million In US Treasury Bonds.
"We hope that the US government and Congress will take effective responsibility in their own and global interests. policy Measures should be taken to properly handle the debt problem, ensure the safety of US Treasury bonds investment and the normal operation of the market, safeguard global investor confidence and achieve a strong, sustainable and balanced growth in G20 consensus. "
This is yesterday's governor Zhou Xiaochuan of the people's Bank of China on August 2nd. U.S.A The Senate and house of Representatives passed the "budget control act of 2011" to answer questions from reporters.
Zhou Xiaochuan said that US Treasuries are the most important investment and trading products in the global bond market. The volatility and uncertainty of the US Treasury bond market will affect the stability of the international monetary and financial system and drag the global economic recovery.
The US Treasurys have been in turmoil for a long time. Since the US government reached the legal limit of $14 trillion and 294 billion in May 16th, the risk of default has increased. The US President Obama and the members of the two parties have been unable to reach a compromise on raising the debt ceiling. Previously, US Treasuries have long been considered "safe haven".
Obama did not make a statement until noon on August 2nd, and signed a bill just passed by the US Senate to raise the debt ceiling and reduce the budget deficit. At this point, there is only a few hours from the last minute of the default period.
In the short term, the increase in the debt ceiling by the bill will enable the US government to support the general election after November 2012. It also plans to cut spending by US $2 trillion and 100 billion over the next 10 years. This round of US debt crisis is also coming to an end. International rating agencies Moodie and Fitch have also confirmed the sovereign debt rating of the US AAA.
international currency Lagarde, President of IMF, said the agreement reduced the uncertainty of the market.
"We note that in August 2nd, the house of Representatives passed the 2011 budget control bill and made progress in raising the debt ceiling and formulating a long-term deficit reduction plan." Zhou Xiaochuan said, "we welcome this. We will further study and maintain close attention to the specific contents and phased implementation of the bill.
Zhou Xiaochuan also said that China's foreign exchange reserve management will continue to adhere to the principle of diversified investment, strengthen risk management, and minimize the negative impact of international financial market volatility on me.
By the end of 6 2011, China's foreign exchange reserves were approaching us $3 trillion and 200 billion, reaching US $31975 billion, up 30% over the same period last year. At present, China is the largest holder of US Treasury bonds. As at the end of 5 2011, China held about 11598 billion US Treasury bonds.
US Treasury data also showed that China held us $11601 billion at the end of 12 last year. In other words, in the first half of this year, foreign exchange reserves rose sharply, but in the first 5 months of this year, China did not increase its holdings of US Treasury bonds, but instead reduced US $300 million in US Treasury bonds.
Analysts believe that since this year, China's use of new foreign exchange reserves to buy less U.S. assets, may be to invest more reserves in eurozone bonds.
In fact, in late July, Zhou Xiaochuan once said that China, as a responsible investor in the international financial market, has always maintained confidence in the euro zone and the euro. "In the past, now and in the future, European financial markets are one of China's major investment markets."
In addition, Zhou Xiaochuan also said yesterday that from the domestic perspective, we will take effective measures to maintain steady and rapid economic growth and safeguard China's economic and financial security.
- Related reading
HSBC Retail Business Has "Big Retreat" &Nbsp, And 30 Thousand People Worldwide.
|- Chamber of Commerce | The Eighteenth China (Dalang) International Wool Textile Fair Will Be Held In November 2Nd.
- Recommended topics | 2019 The Final Of The YOSHOW National College Student Costume Design Competition Has Come To A Successful Conclusion.
- I want to break the news. | What Is The Demand For Textile Enterprises After The Resumption Of Sino US Negotiations?
- Attract investment | In The Process Of Transformation, A Promising Garment Industry In Henan Is Shaping Up.
- Market trend | The Recent Increase In Market Trading Is Relatively Flat, And Cotton Prices Are Rising.
- Instant news | How Much Is Smart Printing And Dyeing?
- Market trend | Raw Materials Roar Roar Rising Risk, Weaving Buy Goods Miss The Best Time?
- Finished shoes | PEAK Released The World's First All 3D Print Sports Shoes To Achieve A Revolutionary Breakthrough In 3D Printing Technology
- Bullshit | Common Sense Of Life: Correct Way To Wash T-Shirt For Men
- Mall Express | Chanel Also Launched A Full Range Of Perfume And Beauty Products.
- Foreign Brand Clothing Failed Repeatedly.
- &Nbsp, The Shoe Shining Empire In Wuhan, The Crux Of The Ten - Year Decline?
- The Cost Increased By &Nbsp; The Situation Of Garment Export In Xiaoshan Became Tight.
- The Public Questioned The Growth Of Residents' Income Over CPI&Nbsp; The Reasons Why Pay Experts Explained It.
- Zongyang Trains More Than 600 Textile "Blue Collar"
- Jiangxi Will Vigorously Support &Nbsp, A Key Textile Enterprise, Concentrating Resources And Supporting The Strong.
- 豫南棉花存量多 紡織限產(chǎn)普遍
- A Series Of High-End Interviews On Internet Conference -- Gao Xinmin Talking About Responsibility And Vitality
- Minister Of Railways: Railway Construction Period Is Forbidden To Arbitrarily Compress &Nbsp; Lessons Learned From Blood
- Yu Na'S "Nine Li Xiang" Production Accident, "Killed" &Nbsp; Men'S Photo Sexy And Charming.