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|BEIJING Men's Nike Air Max 90 KPU All Black Online , Sept. 7 (Xinhua) -- China's forex reserves rose for the 7th month in a row in August as the yuan gained strength and pressure of massive capital outflow eased, data from the central bank showed Thursday.
Forex reserves reached 3.092 trillion U.S. dollars by the end of August, increasing 10.8 billion dollars from a month earlier, according to the People's Bank of China.
It is the first time the reserves have expanded seven months in a row since June 2014.
In an online statement, the State Administration of Foreign Exchange (SAFE) attributed the rise to stable cross-border capital flows and balanced supply-demand in the forex market.
"Climbing asset prices in the global financial market also pushed up the stockpile Wholesale Nike Air Max 90 KPU Blue White ," the statement said.
The U.S. dollar has continued to weaken against most major currencies last month due to weak economic data and uncertainty over monetary policy moves, which drove up the value of non-dollar assets in China's reserve holdings.
The dollar index, which measures the greenback against six major peers, edged down 0.3 percent last month, following a 2.89-percent drop in July.
There had been concerns over capital flowing out of the Chinese market in the second half of 2016 Women's Nike Air Max 90 Leather All White Retail , when the economy was facing looming downward pressures and the Chinese yuan was in the middle of a losing streak against the U.S. dollar.
In January, China's forex reserves had plunged below 3 trillion U.S. dollars, but as the economy stands on a firmer footing and the yuan continues to stabilize, the stockpile has increased steadily since February.
China's economy expanded 6.9 percent for the first half of 2017, with consumption and services Discount Nike Air VaporMax Men's Black White , together with new innovation-driven economic sectors, taking up larger roles in the economy, prompting global institutions such as the IMF to raise GDP forecasts for the country.
Along with the improvements in the economy, the value of the Chinese currency has been trending upwards.
The central parity rate of the renminbi strengthened 42 basis points to 6.5269 against the U.S. dollar Thursday, rising 6 percent from the beginning of the year Women's Nike Air Max 2017 KPU Purple Black Retail , which shrugged off concerns of sharp depreciation.
Zhou Jingtong, a senior researcher with the international finance institute of the Bank of China, attributed the yuan's rebound to combined factors including a stabilizing economy, weaker U.S. dollar and government restrictions on capital flows.
Chinese authorities have been stepping up efforts to curb aggressive overseas acquisitions by the country's ambitious dealmakers, including Dalian Wanda Men's Nike Air Max 2017 KPU Grey Navy For Sale , HNA Group Co. and Anbang Insurance Group.
In a document last month, the State Council said overseas investments in areas including real estate, hotels, cinemas, the entertainment industry and sports clubs will be limited Nike Air Max 2017 KPU Men's Varsity Red White For Sale , while investments in some sectors such as gambling will be banned.
The document also imposed restrictions in the setup of overseas private equity funds or other investment platforms without specific projects and limited investments that do not meet technological, environmental, or safety standards of the destinations.
Looking forward, with efforts to advance structural reforms, the positive factors that underpin China's growth will continue to accumulate Clearance Men's Nike Air Max 2017 Black , which will contribute to sustained stabilization in cross-border capital flows, according to SAFE.
The regulator said in July that the country was seeing its most balanced forex market supply and demand in three years due to an improving economy at home and abroad as well as an intensified crackdown on irregularities.
Thursday's data also showed that the country's gold reserves rose to 77.7 billion dollars by the end of August from 75 billion dollars at the end of July.
BEIJING, June 25 (Xinhuanet) -- The 16th Shanghai International Film Festival has just closed and in honor of that we’re devoting today’s show to all things filmic. The event’s star-studded finale saw the festival’s big winners announced.
Russian police drama "The Major" and Swedish drama "Reliance" emerged as the two front-runners, each taking home three Golden Goblet Awards. Hong Kong’s "Unbeatable" took the acting gongs.
Yuri Bykov’s dark tale "The Major" centres on a Russian detective spiralling into moral oblivion as he attempts to conceal a hit-and-run that leads to the death of a passer-by. The film was named Best Film in the awards, while Bykov secured the Best Director Prize Wholesale Men's Nike Air Max 2017 Black Gold , along with an Artistic Achievement Award for his score.
Hong Kong director Dante Lam’s "Unbeatable" brought some loud cheers from the local crowd with its stars Nick Cheung and Crystal Lee winning Best Actor and Actress titles. Cheung plays an ex-convict forced to make a living in illicit boxing matches, with Lee delivers a critically acclaimed turn as a girl he’s trying to take care of. At just 10-years old, Cystal Lee is the youngest winner ever in the category.
Meanwhile, Willian Olsson’s "Reliance" won a Jury Prize, with its screenwriter and cinematographer also netting awards in their respective categories.
The 6-strong competition jury was chaired by Tom Hooper. Opening on June 15 Nike Air Max 90 Ultra 2.0 Flyknit Men's Black White , the 9-day festival has seen some 1600 films from over 100 countries screened at local cinemas.
WASHINGTON， Feb. 2 (Xinhua) -- China and the United States should always cooperate in the face of challenges， Chinese Ambassador to the United States Cui Tiankai said Wednesday.
"We have learned that we should always respond to difficulties and challenges by cooperation， instead of conflict or confrontation，" Cui told a 500-member audience at the embassy's New Year reception.
"We should work together for win-win cooperation， instead of being misguided by zero-sum or cold war mentality，" the ambassador noted.
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