Monday , November 30 2020
Home / South China Morning Post / China’s foreign exchange reserves have been remarkably stable. Puzzled economists wonder why

China’s foreign exchange reserves have been remarkably stable. Puzzled economists wonder why

Summary:
[unable to retrieve full-text content]China’s foreign exchange reserves have shown surprisingly little change in recent years despite volatile economic conditions and exchange rates among its major trading partners.China’s reserve assets held in foreign currencies, the world’s largest war chest, have been stuck between US.0 trillion and US.2 trillion since 2017 because the People’s Bank of China (PBOC) appears to have largely stopped using them in market intervention to manage the yuan’s value.“We will continue to refrain from…

Topics:
Karen Yeung considers the following as important:

This could be interesting, too:

Calculated Risk writes November 29 COVID-19 Test Results; Record Hospitalizations

Mike Shedlock writes Trump Admits It’s Hard to Get the Supreme Court to Hear a Case

Mike Shedlock writes Biden’s Progressive Agenda is Dead on Arrival

[email protected] (TrueEconomics) writes 29/11/20: Bubblishiousness

[unable to retrieve full-text content]
China’s foreign exchange reserves have shown surprisingly little change in recent years despite volatile economic conditions and exchange rates among its major trading partners.China’s reserve assets held in foreign currencies, the world’s largest war chest, have been stuck between US$3.0 trillion and US$3.2 trillion since 2017 because the People’s Bank of China (PBOC) appears to have largely stopped using them in market intervention to manage the yuan’s value.“We will continue to refrain from…

Leave a Reply

Your email address will not be published. Required fields are marked *