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People's Daily Online>>China Business

China’s forex reserves to decrease in 2012

(People's Daily)

16:14, February 14, 2012

Edited and translated by People's Daily Online

China’s foreign exchange reserves have begun to decline both in magnitude and in growth rate. In 2011, China’s foreign reserves rose by 384.8 billion U.S. dollars, the lowest in the past five years.

The falling growth rate is due to two reasons. First, Chinese financial sector has adjust its exchange rate policy. Second, international speculative capital expects the devaluation of yuan.

Seizing the falling trend, Chinese exchange reserves will continue to decrease in 2012, estimated Lian Ping, chief economist of Chinese Bank of Communications.

With the dropping economic growth, China’s economy is no longer as heating as in the past, and that is the main reason among others why Chinese exchange reserves are dwindling.


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helen at 2012-02-14141.0.8.*
An election year for the US and may be strategically prudent to sell down the US Treasuries below that of Japan to facilitate their electioneering scapegoating. Let the Japanese take the heat for a change in 2012 ...

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