US dollars accounted for 58 per cent of China’s foreign exchange reserves at the end of 2015. Photo: Reuters
US dollars accounted for 58 per cent of China’s foreign exchange reserves at the end of 2015. Photo: Reuters

China clung to US dollars in 2015 as its stock market crashed and capital flowed out, SAFE figures show

  • Despite the financial carnage, the US dollar accounted for 58 per cent of China’s forex reserves throughout the year, agency says in its annual report
  • Risk prevention the top priority in management of forex reserves in 2020, it says

US dollars accounted for 58 per cent of China’s foreign exchange reserves at the end of 2015. Photo: Reuters
US dollars accounted for 58 per cent of China’s foreign exchange reserves at the end of 2015. Photo: Reuters
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