Chinese authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan. Photo: Bloomberg Chinese authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan. Photo: Bloomberg
Chinese authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan. Photo: Bloomberg

US-China trade war

Economy /  China Economy

Does China have enough US dollars to survive the US trade war?

  • China’s US$3.1 trillion in foreign exchange reserves may not be sufficient to support a crisis in the economy, analysts say
  • Authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan

Topic |   US-China trade war
Karen Yeung
Karen Yeung

Updated: 11:38am, 31 May, 2019

Why you can trust SCMP
Chinese authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan. Photo: Bloomberg Chinese authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan. Photo: Bloomberg
Chinese authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan. Photo: Bloomberg
READ FULL ARTICLE