China-SAFE Briefing/Fed

Impact of U.S. Fed rate raises on China's cross-border capital flow dwindling: SAFE

  • English

Shotlist


Beijing, China - April 20, 2017
1. State Administration of Foreign Exchange press conference
2. Various of press
3. SOUNDBITE(Chinese) Wang Chunying, spokeswoman of State Administration of Foreign Exchange(partially overlaid with shot 4):
"Our cross-border capital flow shows that the impact of the three times of rate raise of the U.S. Federal Reserve is dwindling gradually. Before the third raise in March, the dollar index rose 2.7 percent at most whereas our foreign reserve in the first quarter decreased slightly by 1.4 billion U.S. dollars."
++SHOT OVERLAYING SOUNDBITE++
4. Various of press
++SHOT OVERLAYING SOUNDBITE++
5. Various of press
6. SOUNDBITE(Chinese) Wang Chunying, spokeswoman of State Administration of Foreign Exchange(partially overlaid with shot 7):
"That Fed's three rate raises have exerted different impact shows our greatly improved coping capacity and adaptability. Compared with the first rate raise by the end of 2015, our domestic economic operation is more stable now. The expectation on the depreciation of the Chinese currency, or the yuan, against U.S. dollar has greatly weakened."
++SHOT OVERLAYING SOUNDBITE++
7. Various of press
++SHOT OVERLAYING SOUNDBITE++
8. press conference

Storyline


The impact of the three times of rate raise of the U.S. Federal Reserve on China's cross-border capital flow is dwindling gradually, said a State Administration of Foreign Exchange (SAFE) spokeswoman on Thursday.

"Our cross-border capital flow shows that the impact of the three times of rate raise of the U.S. Federal Reserve is dwindling gradually. Before the third raise in March, the dollar index rose 2.7 percent at most whereas our foreign reserve in the first quarter decreased slightly by 1.4 billion U.S. dollars," said Wang Chunying, the spokeswoman of SAFE.

China's foreign reserve increased in March for two successive months.

"That Fed's three rate raises have exerted different impact shows our greatly improved coping capacity and adaptability. Compared with the first rate raise by the end of 2015, our domestic economic operation is more stable now. The expectation on the depreciation of the Chinese currency, or the yuan, against U.S. dollar has greatly weakened," said Wang, adding that they are confident in face of Fed's rate raise.


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  • ID : 8048395
  • Published : 2017-04-20 19:08
  • Last Modified : 2017-04-20 19:10:10
  • Location : Beijing,China
  • Category : economy, business and finance
  • Duration : 1'09
  • Type : Chinese/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 2
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