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: BloombergThe 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
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
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: BloombergThe 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
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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