Go-out strategy quickens its pace

Of the State Administration of Foreign Exchange, sub-director Guan Tao who gives his points about the status of this year’s international payments, implying it will see a general recovery of international payments, which could overpass the growth  rate of domestic  development; second, export growth will become better, yet still drag down the nation’s economic warm-up in falling of surplus under current account against the GDP; third, as the thawing of global financial market, inflow loans is likely to increase, and the same time to flow out with  the strategy of go-out for development.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Guan Tao says the variation of exchange reserve is by no means to tell the real status of international payment. Although the reserve augmented in large numbers, it could be offset by the waving of US dollar, even in the flapping of one or two percentage points, for multi aspects being counted in such as, convertibility of the currents, valuation of reserved assets, etc.

He also indicates the popular idea about exchange reserve would certainly result in false conclusion, by removing from it the trade surplus and the balance of FDI, to verify abnormal inflowing capitals, which relating to the lack of related data. This year the foreign exchange regulator will raise its transparency in statics even more frequently in analyzing the state of international payments.