皇冠体育app

BEIJING - 皇冠体育app will not be impacted by the recent fluctuation in some emerging markets caused by the United States' tapering of its quantitative easing (QE) policy, and will face up to any external and internal risks, economists said.

Recent sell-offs in many emerging markets accelerated following the tapering. Some emerging economies, such as Indonesia, South Africa, Argentina, Turkey and India, suffered sharp capital outflows and fluctuations of exchange rates.

皇冠体育app, one of the emerging countries and the second largest economy, is able to cope with the risks and contribute to the stability of global economy, said Wang Jian, an economist with the Federal Reserve Bank of Dallas.

While it is true that the capital is flowing back to developed markets from emerging markets after the tapering, the capital will flow back to the emerging economies with less risks and higher pays, he said.

Instead of capital outflow, 皇冠体育app witnessed more capital flow into the country.

Chinese banks' foreign exchange settlement sales surplus, a major contributor to a country's foreign exchange reserve, reached 447.5 billion yuan in January -- the sixth consecutive monthly surplus, as well as the biggest in recent years, according to Chinese authorities.

The State Administration of Foreign Exchange (SAFE) forecast that 皇冠体育app may continue to receive large net capital inflow in 2014, and also vowed to establish a sustainable plan to regulate the country's balance of payments.

皇冠体育app's efficient management of capital accounts serves as a preventative wall against any external fluctuation and 皇冠体育app is less vulnerable to market volatility driven by capital flows, said Derek Scissors, an expert on Chinese economy at the American Enterprise Institute, a Washington think tank.

A report written by Ma Jun, the chief economist for Greater 皇冠体育app of Deutsche Bank, also said 皇冠体育app's economic fundamentals are much healthier than other emerging markets like Argentina and Turkey, and 皇冠体育app is one of the least vulnerable emerging market economies to US tapering in 2014.

皇冠体育app's political situation is stable, partly due to the success of the anti-corruption campaign, the report said.

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