Even with a slowing economy and export markets slowing faster, China has a lot of trade surplus dollars to recycle. Its foreign-exchange reserves are in excess of $1 trillion and they sit mostly in U.S. dollar-denominated assets.
The American currency depreciated steadily for the past four years, though it has rallied recently. This may be a [...]
Posts Tagged as ‘Foreign Exchange Reserves’
October 27, 2008
Dollar-Bound
October 15, 2008
Hot Money Stops Flowing Into China
One unintended benefit for the economy from the global financial crisis is that the flow of hot money into China has slowed to a crawl or less.
The latest quarterly figures from the central bank show foreign exchange reserves rising to $1.9 trillion at the end of September, up from $1.8 trillion at the end of [...]
