swtor credits my country continues to implement a pro-active import policy CVX

Li Huiyong October foreign exchange loss of $ 24.9 billion, has caused widespread concern in the market. Foreign Exchange accounted for as an acquisition currency in foreign exchange assets invested, fluctuations in itself, and not too many surprises.　　Concern whether the changes represented a trend, and whether China's money supply, will the real economy and fictitious economy have a large impact. From the dataThan the point of view, is a cause for alarm. First look at Exchange data, monthly mean value of 2006-2010 Exchange, 2,314, 3,338, respectively, 272.4 billion yuan, paragraph 1 of this year average monthly exchange at $ 325.8 billion. October foreign exchange loss of $ 24.9 billion, is lower than this year, on average, less than the last 5Value from a year earlier. Then take that data and foreign direct investment (FDI), trade surplus as well as combination of renminbi deposits. October month trade surplus of 17 billion dollars swtor credits, up less $ 10 billion. In October, foreign direct investment in the month $ 8.34 billion, an increase of 8.8%, growth decline of more than 1 7.8%. In OctoberRenminbi deposits in the month net loss of $ 201 billion, up less 361.8 billion yuan. Falling surplus, FDI growth to slow down, and the performance of the Exchange fell in line. At the same time, under the loans rose by nearly 600 billion, net loss of $ 201 billion yuan deposits, it is possible and withdrawal of money exchange in the territory concerned, if the guess was established, in the territory of the possibility of fundingTrends in flight. The long term, because of China's economic growth is still alone, which makes Exchange money occupation will remain at a certain level. But in the short term, three factors lead to decline in foreign exchange, money creation mechanism would be a big impact. First, global rebalancing will change the growth model of China's high growth and high surpluses in the past. Us, European and other countries of the problems from the rootSays is the real estate bubble and financial bubble bursts the bubbles, deficit caused by restructuring of the economic structure is difficult to complete in the near future, over the next 35 years or slow global growth, China's exports growth decreased markedly. At the same time, my country continues to implement a pro-active import policy, import growth would last for more than exports Diablo 3 Gold, surplus will decline markedly, even often trade deficit.Second, the pace of utilizing foreign investment may slow down. Correction of the excessive virtualization is to the economy on the one hand to return to its manufacturing. To this end, the United States and other countries attract multinational corporations ' investment return from the investment tax credits, and so on, which makes the FDI flows to developing countries declined. The other hand, the strategic adjustment of China's utilization of foreign capital, makes the use of foreign capital from weight to heavy changes in foreignTechnology assessment, environmental assessment more strictly, makes part of the diversion of funds. Third, speculative capital reverse flow.　　Economic uncertainty increases risks of hot money, it makes even before flowing into China funds started out. To some extent that, when the country's economic prosperity, the real economy and the stock market and real estate investment returns are higher, substantial inflows of funds from outside, causing foreign exchangeIncreased monetary passive investing. Despite the Central Bank can raise the statutory reserve ratio, offering hedge such as central, but due to hedging of incomplete especially delay, before the hedge, passively increases money has infiltrated all areas of the Exchange increases often contribute to overheating, promote asset-price inflation. Indeed, recent economic overheating and asset bubbleFoam are connected and the influx of foreign capital. And when domestic economic adjustment period, the real economy, declining returns on equities and real estate investments, while decrease in the foreign capital inflow, outflow of funds in the territory of the other hand, will result in a decline in foreign exchange, monetary passive contracted, making the economy more sluggish, real estate and stock markets weaker. We do not think it should simply sayDrop reduced the pressure of currency hedging of foreign exchange, and should pay close attention to changes in foreign exchange and social capital supply, once exchange money occupation of changing trends, it should be decisively cut deposit reserve ratio to prevent accumulation of negative effects decline in foreign exchange. (The author of shenyin wanguo macro-analysis Division)