Reporters' Log

Risk control No 1 concern for China's forex management

By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2009-03-13 11:58

China will keep risk control as the primary concern when using the foreign exchange reserves, Premier Wen Jiabao said today at the press conference after the second session of the 11th National People's Congress closed.

"When managing the foreign exchange reserves, China will stick to the principle of 'safety, liquidity and appreciation'," said Wen, adding that China will also take the stability of the global financial market into consideration.

China's foreign exchange reserves hit a record $1.95 trillion at the end of 2008, the largest in the world and far exceeding those of Japan, the second-largest foreign exchange holder with $1.03 trillion.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農民企業家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業 Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more