China may allow multinationals to conduct internal forex tra

时间：2007-04-29 06:40:07

（单词翻译:单击）

Apr.29 - China is considering allowing the subsidiaries of multinationals1 to complete inter2 company transactions using foreign exchange, Deng Xianhong, vice3 director of the country's forex watchdog has said.

 

The State Administration of Foreign Exchange (SAFE) said this would allow multinationals to by-pass SAFE which now requires foreign companies to purchase foreign exchange from SAFE, Deng said without elaborating.

 

China will also strengthen monitoring irregular cross-border cash flow and illegal forex dealings, he said.

 

SAFE will ease restrictions4 on individual and company use forex as well as broadening the scale and types institutions that can conduct overseas financial investment, Deng said.

 

China has announced a series of plans aimed at trimming the country's huge international payments surplus earlier this month.

 

The country's forex reserve had reached 1.2 trillion U.S. dollars by the end of this March, up 37.36 percent year on year while its trade surplus reached 46.44 billion U.S. dollars in the first quarter of 2007, nearly doubling the 23.3 billion U.S. dollar surplus in the same period last year.

 
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1 multinationals 62535937a7268e716f9c1a6586b6cc78     
跨国公司( multinational的名词复数 )
参考例句：
  • These local companies are only small fry compared with the huge multinationals. 同那些跨国公司比，这些当地的公司不过是小鱼小虾。
  • Some people believe that the multinationals have too much power. 有人认为跨国公司的权力太大了。
2 inter C5Cxa     
v.埋葬
参考例句：
  • They interred their dear comrade in the arms.他们埋葬了他们亲爱的战友。
  • The man who died in that accident has been interred.在那次事故中死的那个人已经被埋葬了。
3 vice NU0zQ     
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
4 restrictions 81e12dac658cfd4c590486dd6f7523cf     
约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）
参考例句：
  • I found the restrictions irksome. 我对那些限制感到很烦。
  • a snaggle of restrictions 杂乱无章的种种限制

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