LINE

Text:AAAPrint
Business

China a "responsible investor" in int'l capital market: Vice FinMin

1
2018-04-04 19:32:44Xinhua Li Yahui ECNS App Download

China is a "responsible investor" and respects international capital market rules, Vice Finance Minister Zhu Guangyao said Wednesday.

Zhu reiterated the stance at a press conference when asked whether China will reduce its U.S. government debt holdings as a countermeasure against proposed additional tariffs by the United States on Chinese exports.

"China manages its foreign exchange reserves via market operations in accordance with market rules, specific market principles and the principle of diversified investment," he said, citing remarks made by Chinese Premier Li Keqiang on forex reserves management last month.

To protect public assets, China also aims to keep its 3-trillion-U.S. dollar forex reserves secure, liquid and moderately profitable, Zhu said.

The U.S. administration on Tuesday announced a proposed list of products subject to additional tariffs, which covers Chinese exports worth 50 billion dollars with a suggested tariff rate of 25 percent.

China on Wednesday said it decided to impose additional tariffs of 25 percent on products worth 50 billion dollars imported from the United States, including soybeans, automobiles and chemical products.

China's foreign exchange reserves stood at 3.134 trillion dollars in February, official data showed. Its holdings of U.S. Treasury securities fell to a six-month low of 1.1682 trillion dollars in January, according to the U.S. Treasury Department.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.