According to the recent domestic supply and demand situation of refined oil, and in view of the needs of ensuring supply and stabilizing prices in some areas, the gasoline and diesel oil that are rotated out of the warehouse this time are used to increase market resources, alleviate the shortage of supply, and give play to the regulatory role of the national refined oil reserve market.
The State Grain and Material Reserve Bureau said that it will strengthen the supervision and management of the whole process of the rotation of national reserve refined oil to ensure the safe and efficient completion of the rotation task.
positive impact
The rapid growth of foreign exchange reserves has enhanced China's comprehensive national strength and enhanced China's international reputation. Foreign exchange reserve is an important indicator of a country's comprehensive national strength.
The scale of China's foreign exchange reserves ranks first in the world, which indicates the enhancement of China's ability to pay and adjust the international balance of payments, provides a reliable guarantee for China to borrow foreign debts and repay the principal and interest of debts, and lays a solid foundation for maintaining China's good international reputation, attracting foreign investment and striving for international competitive advantages.
Adequate foreign exchange reserves will enable the Bank of China to effectively intervene in the foreign exchange market and support the local currency exchange rate. Adequate foreign exchange reserves can ensure that China can cope with sudden financial risks calmly and meet the needs of effectively intervening in the foreign exchange market and maintaining the stability of the local currency exchange rate.