The State Administration of Foreign Exchange (Safe) on Sunday disclosed that it had cut the portion of US dollar-denominated assets in its reserves portfolio to 58 per cent in 2014. Photo: Bloomberg

China has ‘price to pay’ for cutting US dollar share of forex reserves, analysts say

  • Analysts raise doubts whether Beijing has already gone too far in turning away from the US dollar
  • China shed light on secretive foreign exchange reserves by releasing investment returns and US dollar share in decade to 2014
Topic |   China economy

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The State Administration of Foreign Exchange (Safe) on Sunday disclosed that it had cut the portion of US dollar-denominated assets in its reserves portfolio to 58 per cent in 2014. Photo: Bloomberg
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The US team are staying at the Hyatt on the Bund hotel in Shanghai. Photo: AFP

US-China trade talks kick off in Shanghai with little fanfare

  • There were few visible signs of negotiations in Shanghai on Tuesday, as officials started first face-to-face talks since May
  • Expectations low on both sides over the outcome, with state media evoking spirit of Richard Nixon’s Shanghai visit in 1972
Topic |   US-China trade war

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The US team are staying at the Hyatt on the Bund hotel in Shanghai. Photo: AFP
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