Economy / Finance

Chinese Forex Reserves Continue Declining

From Econbrowser
January 10, 2017 - 1:53pm

Hard to argue the PBoC is manipulating the yuan to keep it weak, especially as capital controls are being tightened. But who listens to facts any more? Figure 1: Chinese foreign exchange reserves, millions USD. Source: TradingEconomics. From FT: Reserves fell by $41bn, to $3.01tn, less than the expected $51bn drop according to a Reuters […]



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