Comments by State Administration of Foreign Exchange (SAFE), which manages the bulk of China’s forex assets, likely reflect Beijing’s rising concerns about international uncertainties, according to analysts. Photo: Reuters
China’s forex reserves strategy to be ‘dynamically optimised’ amid uncertain external conditions
- From November to December, China’s foreign exchange reserves rose by 1.23 per cent, or US$38 billion, to US$3.22 trillion – the highest level since April 2016
- But China’s holdings of US Treasury securities have fallen to the lowest level since January 2017
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China economy
Comments by State Administration of Foreign Exchange (SAFE), which manages the bulk of China’s forex assets, likely reflect Beijing’s rising concerns about international uncertainties, according to analysts. Photo: Reuters