search query: @author Wang, Yuexi / total: 2
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| Author: | Wang, Yuexi |
| Title: | Foreign exchange reserves and utilization of foreign funds (original in Chinese) |
| Journal: | Research on Financial and Economic Problems (c)
1998 : 7, p.25-27 |
| Index terms: | FOREIGN EXCHANGE FOREIGN INVESTMENT CHINA |
| Language: | chn |
| Abstract: | Since 1994, our foreign exchange reserves has been increasing at an overnormally fast speed, which amounted to $140 billion by the end of 1997. However, the saying of "the more, the better" is not absolutely correct as far as foreign exchange reserves are concerned. According to estimation, our present level of foreign exchange reserves should maintain around $75 billion. The upsand downs of foreign exchange reserves are in direct proportion to the inflow of capitals in our country, but the increasing amplitude of foreign exchange reserves is far greater than that of favourable balance of foreign trade. That means that we haven't bring in real resources by introducing foreign funds in practice and we have caused enormous dissipation. Consequently, we should take strict control of foreign funds and the scale of foreign debts, and so on. |
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