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
Topic |   China economy
US dollars accounted for 58 per cent of China’s foreign exchange reserves at the end of 2015. Photo: Reuters
READ FULL ARTICLE