Nation can absorb US rate shocks
By Wang Yanfei | China Daily | Updated: 2017-01-20 07:41
China economy resilient enough to remain stable
China has enough foreign exchange reserves and has taken sufficient measures to cope with any shock from a US interest rate hike and future capital flow fluctuations, according to a spokeswoman for the nation's top foreign exchange regulator.
Wang Chunying, spokeswoman for the State Administration of Foreign Exchange, said on Thursday that China's foreign exchange reserves remain plentiful enough to deal with external challenges, after the US Federal Reserve increased rates by 0.25 percent in December, sending positive signals on the recovery of the US economy.
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