SAFE spokesman WANG Chun-ying, 23, said the impact of the Fed's monetary policy has been the normalization of theshow, but overall control.

The State Council Information Office press conference held on the 23rd, WANG Chun-ying said that the Fed'squantitative easing monetary policy last substantive quit, to emerging economies has brought widespread impact ofcross-border capital flows also further increase the two-way fluctuation, but no change the net annual cross-border capital inflows, the balance of payments caliber foreign currency reserve assets growth.

"In the first quarter, the Fed is expected to raise interest rates and other factors led to the rapid appreciation of the dollar, which is an important driver of cross-border capital outflow, but in the second quarter along withchanges in domestic macroeconomic environment, the momentum is slowing down the outflow of funds, Forex tend tobalance supply and demand, indicating that within the current impact of the Fed's monetary policy normalizationstill affordable range. "

WANG Chun-ying said the Fed to raise interest rates, the dollar could affect the financial operations of domestic enterprises, increase of cross-border capital flow volatility and uncertainty in the market, and exchange ratepolicies to bring some challenges. But to some extent, explain better prospects for the US economic recovery will help to improve my foreign demand, but also can become further reform and opening up, accelerate the momentum to build an open economy new system.

She said that China's ability to resist the strong impact of cross-border capital flows, but the associated riskscan not be taken lightly. "Do not rule out the possibility of individual enterprises exist heavy debt burden, duration or currency mismatch more prominent issues, requires companies to actively adjust according to their ownsituation."