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On June 16, 2016, Professor Lawrence H. Summers, a famous US economist, was invited to give a lecture at the State Administration of Foreign Exchange (SAFE). The lecture was chaired by Pan Gongsheng, Deputy Governor of the People's Bank of China (PBC) and Administrator of the SAFE, and attended by relevant officials from the PBC and the SAFE. Professor Summers introduced the changes to the global and US economic and financial environments and the trends of the global and US economic and financial policies. Both sides exchanged ideas and had heated discussions on the trends of post-crisis financial regulatory adjustments in face of the low interest rates and the coordination of monetary policies and fiscal policies. 2016-08-31/en/2016/0831/1210.html
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Pan Gongsheng, Deputy Governor of the People's Bank of China and Administrator of the State Administration of Foreign Exchange (SAFE), has recently met with William Conway, Co-founder and Co-CEO of The Carlyle Group in Beijing. The two sides exchanged ideas on global economic and financial trends and the exchange rate movements of major economies. According to Administrator Pan Gongsheng, the currencies of major developed and emerging markets have depreciated recently on the rising expectations of the Fed's interest rate hikes. So has the RMB exchange rate against the USD. Nevertheless, the RMB exchange rate has stayed stable compared with other international reserve currencies and currencies of emerging market economies, falling slightly at the global level. Further, the RMB has appreciated against a basket of multilateral exchange rates. China's economy has been operating steadily, featuring positive progress in restructuring, faster growth of the new economic dynamics and stable financial markets. Under such circumstances, the RMB exchange rate will remain stable at a reasonable and even level, and there are no grounds for continuous depreciation. 2016-10-31/en/2016/1031/1213.html
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Monthly Foreign Exchange Reserves,2008 (in billions of US dollars ) End of Month Forex Reserves Jan 1589.810 Feb 1647.134 Mar 1682.177 Apr 1756.655 May 1796.961 Jun 1808.828 Jul 1845.164 Aug 1884.153 Sep 1905.585 Oct 1879.688 Nov 1884.717 Dec 1946.030 2011-09-20/en/2011/0920/572.html
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Monthly Foreign Exchange Reserves,2006 (in billions of US dollars ) End of Month Forex Reserves Jan 845.180 Feb 853.672 Mar 875.070 Apr 895.040 May 925.020 Jun 941.115 Jul 954.550 Aug 972.039 Sep 987.928 Oct 1009.626 Nov 1038.751 Dec 1066.344 2011-09-20/en/2011/0920/574.html
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Monthly Foreign Exchange Reserves,2003 (in billions of US dollars ) End of Month Forex Reserves Jan 304.457 Feb 308.252 Mar 316.009 Apr 326.291 May 340.061 Jun 346.476 Jul 356.486 Aug 364.734 Sep 383.863 Oct 400.992 Nov 420.361 Dec 403.251 2011-09-20/en/2011/0920/577.html
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Monthly Foreign Exchange Reserves,2001 (in billions of US dollars ) End of Month Forex Reserves Jan 168.623 Feb 174.773 Mar 175.847 Apr 177.178 May 179.000 Jun 180.838 Jul 184.492 Aug 190.053 Sep 195.764 Oct 203.029 Nov 208.315 Dec 212.165 2011-09-20/en/2011/0920/579.html
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Monthly Foreign Exchange Reserves,2004 (in billions of US dollars ) End of Month Forex Reserves Jan 415.720 Feb 426.639 Mar 439.822 Apr 449.017 May 458.560 Jun 470.639 Jul 482.982 Aug 496.169 Sep 514.538 Oct 542.443 Nov 573.882 Dec 609.932 2011-09-20/en/2011/0920/576.html
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Monthly Foreign Exchange Reserves,2005 (in billions of US dollars ) End of Month Forex Reserves Jan 623.646 Feb 642.61 Mar 659.144 Apr 670.774 May 691.012 Jun 710.973 Jul 732.733 Aug 753.209 Sep 769.004 Oct 784.902 Nov 794.223 Dec 818.872 2011-09-20/en/2011/0920/575.html
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Monthly Foreign Exchange Reserves, 1999 (in billions of US dollars ) End of Month Forex Reserves Jan 145.090 Feb 146.515 Mar 146.625 Apr 146.665 May 146.745 Jun 147.051 Jul 148.737 Aug 150.730 Sep 151.511 Oct 152.847 Nov 153.770 Dec 154.675 2011-09-20/en/2011/0920/581.html
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Monthly Foreign Exchange Reserves,2002 (in billions of US dollars ) End of Month Forex Reserves Jan 217.400 Feb 223.531 Mar 227.605 Apr 233.824 May 238.473 Jun 242.760 Jul 246.534 Aug 253.090 Sep 258.630 Oct 265.539 Nov 274.625 Dec 286.407 2011-09-20/en/2011/0920/578.html