The monthly change in China’s forex reserves is read as a measure of the People’s Bank of China’s purchases or sales of reserve assets held in foreign currencies. Photo: Reuters The monthly change in China’s forex reserves is read as a measure of the People’s Bank of China’s purchases or sales of reserve assets held in foreign currencies. Photo: Reuters
The monthly change in China’s forex reserves is read as a measure of the People’s Bank of China’s purchases or sales of reserve assets held in foreign currencies. Photo: Reuters
Central Banks
Economy /  China Economy

China’s forex reserves growth in November exceeds expectations as US dollar weakens

  • Analysts are awaiting data to confirm whether there was currency intervention by the central bank that contributed to its foreign reserves
  • China has kept its reserves largely stable in recent years, between US$3 trillion and US$3.2 trillion, signalling it is letting market demand and supply forces determine yuan’s value

Topic |   Central Banks
Karen Yeung
Karen Yeung

Updated: 11:02pm, 8 Dec, 2020

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The monthly change in China’s forex reserves is read as a measure of the People’s Bank of China’s purchases or sales of reserve assets held in foreign currencies. Photo: Reuters The monthly change in China’s forex reserves is read as a measure of the People’s Bank of China’s purchases or sales of reserve assets held in foreign currencies. Photo: Reuters
The monthly change in China’s forex reserves is read as a measure of the People’s Bank of China’s purchases or sales of reserve assets held in foreign currencies. Photo: Reuters
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