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|NEW YORK， Feb. 12 (Xinhua) -- While fluctuations will continue， China's yuan will stabilize around current level as China's economy improves， and the country's relations with the U.S. advance， said a foreign exchange expert on Sunday.
"China's improving economy will certainly help the yuan as fundamentals are always the most important factor in currency movements however they take time to take effect，" said Stephen Simonis Sr.， Chief Currency Consultant at FXDD Global.
According to International Monetary Fund's latest forecast， China's GDP growth will stand at 6.5 percent on expectations of continued policy support. The country's GDP grew 6.7 percent year on year in 2016， lowest reading in nearly three decades， but within the government's target range.
China's manufacturing sector expands for the sixth month in a row， with manufacturing purchasing managers' index came in at 51.3 in January， adding evidence that the world's second largest economy is stabilizing amid uncertain global outlook.
"Moreover， U.S. President Donald Trump's phone call to Chinese President Xi Jinping， although not about currencies， will also help stabilize the yuan as it shows some positive communication between the leaders of the two biggest economies in the world，" Simonis said.
He added that Trump's mention of China as a currency manipulator appears to be an off-the-cuff comment.
"We think that Trump will use much more tempered language when discussing the situation in China moving forward and he will be less accusatory since pointing fingers will not help，" said Simonis.
He said that traders and market participants will not overreact to moves from China regarding the yuan as the yuan and the country's foreign exchange reserves have been at the fore front of the market for some time.
The yuan weakened against the U.S. dollar in 2016 as a strong U.S. economic recovery and expectations of more U.S. interest rate hikes supported the U.S. currency.
To prevent the yuan from weakening too far and prompting more capital outflow， China's central bank sold a considerable amount of U.S. dollars to prop up the yuan.
It also tightened regulations by asking those who want to buy large amounts of foreign currency to specify their purpose and provide additional information.
China's foreign exchange reserves fell below three trillion U.S. dollars to 2.99 trillion U.S. dollars in January， the seventh sequential monthly contraction， according to China's State Administration of Foreign Exchange (SAFE).
The persistent decline of China's forex reserves has caused widespread concern about the country's overall financial stability， as the diminishing stockpile， still the world's largest， is perceived as shielding the economy from currency and foreign trade volatility.
But Simonis said forex reserve falling below the three trillion dollars safety mark is just psychological.
"We are paying more attention to the speed at which China is depleting its reserves，" said Simonis.
The contraction was 87.2 billion U.S. dollars less than January 2016 and 28.8 billion U.S. dollars less than December.
The SAFE said changes in the foreign exchange reserves were normal in light of complicated domestic and overseas economic environments. The administration also said the market should not pay too much attention to the benchmark.
"While authorities are showing some concern over reserves， it seems they are more focused on a stable dollar-yuan level，" said Simonis.
HOHHOT new balance 574 rød , China new balance 574 sort , July 9 (Xinhua) -- More than 50 teams from six countries including Kyrgyzstan new balance 574 grøn , Kazakhstan new balance 574 grå , Mongolia www.egedos.com , Russia new balance 574 danmark tilbud , Uzbekistan and host China will take part in an international youth football tournament to be held this month in north China's Inner Mongolia Autonomous Region.
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A football-themed forum and workshop will also be held on the occasion.
BEIJING， May 1 （Xinhua） -- The Belt and Road Forum for International Cooperation scheduled for mid-May is a high-profile international meeting on the Belt and Road Initiative， a China-proposed trade and infrastructure plan connecting Asia with Europe and Africa。
China will use the forum to build a more open and efficient international cooperation platform and a closer， stronger partnership network as well as to push for a more just， reasonable and balanced international governance system。
Here is what you need to know about the initiative and the upcoming forum。
-- NEW VISION
The Belt and Road Forum for International Cooperation， which takes the theme “strengthening international cooperation and co-building the ‘Belt and Road’ for win-win development，” will be held from May 14 to 15 in Beijing。 President Xi Jinping will attend the opening ceremony and host a round-table leaders‘ summit。
The forum has been designed to pool more consensus， identify cooperation directions， push forward the implementation of projects， and improve supporting systems。
-- HISTORIC LEGACY
The Belt and Road comprises the land-based Silk Road Economic Belt and the 21st-Century Maritime Silk Road， which were put forward for the first time by President Xi in September and October 2013 in his subsequent state visits to Kazakhstan and Indonesia。
Building upon the spirit of the ancient Silk Road -- “peace and cooperation， openness and inclusiveness， mutual learning， and mutual benefits” -- which continues to this day， the initiative targets a modern transnational network connecting Asia with Europe and Africa， with the aim of promoting common development among all parties involved。
-- INTERNATIONAL RECOGNITION
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