China’s foreign exchange reserves rose by only US$108 billion last year, despite a large trade surplus. Photo: AFP China’s foreign exchange reserves rose by only US$108 billion last year, despite a large trade surplus. Photo: AFP
China’s foreign exchange reserves rose by only US$108 billion last year, despite a large trade surplus. Photo: AFP
China economy

China’s forex reserves grew marginally in 2020, despite near-record trade surplus. Where did the money go?

  • China’s foreign exchange reserves rose by only US$108 billion last year, despite a large trade surplus
  • The gap reflects money being allowed to flow out of China as Beijing tempers excessive yuan appreciation

Topic |   China economy
China’s foreign exchange reserves rose by only US$108 billion last year, despite a large trade surplus. Photo: AFP China’s foreign exchange reserves rose by only US$108 billion last year, despite a large trade surplus. Photo: AFP
China’s foreign exchange reserves rose by only US$108 billion last year, despite a large trade surplus. Photo: AFP
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