The uncertain timing of the second rate increase by the US Federal Reserve remains a challenge, which may put China’s capital flows and yuan’s exchange rate at risk. Photo: Reuters
China’s forex reserves rise for second month in a row in April to US$3.22 trillion
Increase of US$7.1 billion beats market forecast of a drop, pointing to easing in capital outflows, figures released by People’s Bank of China show
Topic |
China economy
The uncertain timing of the second rate increase by the US Federal Reserve remains a challenge, which may put China’s capital flows and yuan’s exchange rate at risk. Photo: Reuters
