In recent years, the reasons for the increase in China s foreign exchange reserves and their impact

Just look at China's GDP, the growth rate of foreign exchange reserves is obviously greater than the growth rate of GDP, obviously not earned, except for the part earned, the rest is the so-called "international hot money" influx, and this phenomenon has a very serious potential crisis, which is complicated, you didn't ask this, I will only talk about so much,

A certain amount of foreign exchange reserves is an important means for a country to carry out economic adjustment and achieve internal and external balance. When there is a deficit in the balance of payments, the use of foreign exchange reserves can promote the balance of payments; When the domestic macroeconomic imbalance occurs and the aggregate demand is greater than the aggregate supply, the foreign potato exchange can be used to organize imports, so as to adjust the relationship between the aggregate supply and the aggregate demand and promote the macroeconomic balance.

Generally speaking, the increase of foreign exchange reserves can not only enhance the ability of macroeconomic regulation and control, but also help to maintain the credibility of the country and enterprises in the world, help to expand the international market, attract foreign investment, reduce the financing cost of domestic enterprises, and prevent and resolve international financial risks. The appropriate level of foreign exchange reserves depends on a number of factors, such as the situation of imports and exports, the size of external debt, and the actual utilization of foreign capital. Foreign exchange reserves should be kept at a moderately high level based on the benefits of holding foreign exchange reserves, the comparison of costs and the status of these aspects.

Answers]: a, b, d, e

In practice, we have taken measures to actively manage international reserves. These include: adjustment measures for the balance of payments surplus; adopted the policy of collecting foreign exchange from the people; adopted a strategy to diversify the foreign exchange reserve currency peg as much as possible; a more active management strategy in the portfolio; It has introduced and built an active foreign exchange reserve management model and mechanism.

Foreign exchange reserves, also known as foreign exchange reserves, refer to the foreign exchange assets that are concentrated in the hands of banks and other institutions in various countries in order to meet the needs of international payments. Here's what I've brought to you to learn about!

First, to ensure external payment.

Second, stability.

The third is to maintain international credibility and improve external relations.

Fourth, the ability to enhance and resist risks.

It must be an important means for a country to carry out economic adjustment and achieve internal and external balance. When present, use the balance that can be promoted; When the domestic imbalance is greater than that, you can use foreign exchange to organize imports, so as to adjust the relationship with and promote the balance. At the same time, when the exchange rate fluctuates, foreign exchange reserves can be used to intervene in the exchange rate to stabilize it.

Foreign exchange reserves are therefore an indispensable means of achieving stability, especially as one country's economy is more vulnerable to the economies of other countries as it continues to grow.

Generally speaking, the increase in foreign exchange reserves can not only enhance the capacity, but also help maintain the credibility of the country and enterprises in the international community, help to expand, attract foreign investment, reduce domestic costs, and prevent and defuse. The appropriate level of foreign exchange reserves depends on a variety of factors, such as the status of imports and exports, size, etc. Foreign exchange reserves should be kept at an appropriate level based on the benefits of holding them, the comparison of costs and the situation in these areas.

As a symbol of a country's economy, foreign exchange reserves are the material basis for replenishing the country, stabilizing the country's exchange rate, and maintaining the country's international credibility. For those who tend to hold higher than the usual level of foreign exchange reserves. In recent years, the rapid expansion of China's foreign exchange reserves has had many negative impacts on economic development.

1. Damaged potential. The inflow of foreign exchange reserves of a certain size represents the outflow of physical resources of a corresponding size, which is not conducive to the growth of a country's economy. If the extraordinary growth of our foreign exchange reserves continues, it will undermine our potential.

2. It has brought large losses. According to conservative estimates, if you have $600 billion in foreign exchange reserves, you will lose more than $10 billion a year if you have a difference of 2% with foreign exchange reserves. This potential loss is even greater if the risks are taken into account.

In addition, the vast majority of foreign exchange reserves in many countries are, and if they are, their will also shrink significantly.

3. There is a high amount of loss. China wants to introduce about 50 billion US dollars every year, for which the country has to provide a large amount; At the same time, China also holds about $600 billion in foreign exchange reserves, which are idle and unused. In this way, on the one hand, the state is reduced, and on the other hand, the common people are frugal and lend money to foreigners to spend, and its potential cannot be ignored.

4. Weakened effect. Under the current foreign exchange, the central bank has unlimited responsibilities, so as the foreign exchange reserves grow, they continue to increase. The rapid growth of the central bank has not only restricted the effectiveness since 2004 in terms of aggregate volume, but also weakened the effect of macro-concentration regulation and control from the structural point of view, and further increased the pressure, making the central bank's room for regulation and control smaller and smaller.

5. Affect the use of international preferential loans. Excessive foreign exchange reserves will deprive our country of preferential loans from the IMF.

Since the beginning of the 21st century, the main reason for the sustained and rapid growth of China's foreign exchange reserves is the stability and strength of China's economic growth and the persistence of the foreign trade surplus.

As an important part of China's foreign exchange management, foreign exchange reserves directly reflect China's economic and financial development and are of great strategic and economic significance.

From a strategic point of view, the rapid growth of foreign exchange reserves can provide strong financial support for China and help enhance China's voice and status in the international financial system. At the same time, under the circumstances of the international financial crisis and the economic recession of Tongqiao, the growth of foreign exchange reserves has also provided China with important ammunition to cope with risks and challenges, and ensured the security and stability of China's economy and finance.

Economic layer

From an economic point of view, the rapid growth of foreign exchange reserves is inseparable from the strong growth of China's economy. In the process of China's economic growth, the existence of foreign trade surpluses and surpluses has provided a steady stream of support and vitality for China's foreign exchange reserves. In addition, the continuous growth of foreign exchange reserves has also provided good support for China's investment and opening up, and provided a solid backing for China's economic development.

It should be noted that although the rapid growth of foreign exchange reserves has brought important support and guarantee to China's economic and financial development, it is also necessary to pay attention to guarding against problems such as excessive scale of foreign exchange reserves and high investment risks. Especially in the context of the current international economic pattern and changes, China should adjust its foreign exchange management policy and strengthen the operation and management of foreign exchange reserves, so as to make it a strong backing and strategic guarantee for China's economy.

First of all, foreign exchange reserves are an important indicator of a country's comprehensive national strength. If foreign exchange reserves are good, the ability to pay foreign payments and the ability to adjust the balance of payments will increase, which will help attract foreign capital and maintain a good international reputation.

Sufficient foreign exchange reserves can ensure that the country can calmly deal with sudden financial risks, effectively intervene in the foreign exchange market, and maintain the stability of the exchange rate of its own currency.

In addition, it is conducive to the foreign investment of domestic enterprises. Sufficient foreign exchange reserves can improve the country's external financing capacity, thereby reducing the financing cost of enterprises and institutions to enter the international market.

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