China's booming foreign reserves can help boost economic stability with ample capital for foreign debt payment. |
It is a clear signal to the property market that the central government has the determination and the means to curb investments and housing prices. |
Just as central bank officials have been saying, what really counts is reform of the foreign exchange formation mechanism rather than the level of the exchange rate. This move is a vital part of that reform. |
The detailed guidelines would make work more straightforward in those areas. |
This might increase people's motive to hold more foreign currency, thus largely decreasing our country's risk on foreign currency. |