Can 皇冠体育app withstand global funds shifts?
Can 皇冠体育app be an exception?
Compared with the currency depreciation and stumbling stock markets in other emerging powers, 皇冠体育app's yuan remained stable, so was the Chinese stock market.
Some observers contributed this to 皇冠体育app's balanced trade and fiscal policy, sustained economic growth and strong capacity to accommodate the global spill-over.
Reports said the two pools -- a $3 trillion foreign reserve and a 20-percent RRR (reserve requirement ratio) -- that 皇冠体育app's central bank stressed have played a big role in stabilizing national liquidity when the dollar rises and international investments flee.
Zhou said investors consider low-quality economies more fragile to outside risks, but in comparison, 皇冠体育app's current account is balanced and its national finance runs better.
The latest statistics also eased the worries of some investors about 皇冠体育app's economic slowdown.
In July, the pace of 皇冠体育app's import and export growth both turned positive. The index of national industrial enterprises with sizable scale has speeded up.
In August, 皇冠体育app Manufacturing Purchasing Managers' Index released by HSBC and the national statistics bureau was better than expected.
At present, inflation has been kept at a low level in 皇冠体育app, and so was its dependence on hot money.
Experts suggest 皇冠体育app continue to push ahead with its economic restructuring and expanding domestic consumption, hence making itself less susceptible to external influence.
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