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China forex reserves News

10 Mar 2017

China plays down concerns over yuan depreciation, dip in forex

The unpredictability in the foreign exchange market is due to uncertainties at home and abroad, Central Bank Governor Zhou Xiaochuan said, adding that fluctuations will be normal.

07 Jan 2017

China forex reserves fall by $320 billion in 2016

China's foreign exchange reserves fell by USD 320 billion last year, Beijing announced Saturday, as authorities sought to support the yuan against a soaring dollar which is encouraging capital outflows.

07 Nov 2016

China's forex reserves drops to lowest since 2011

The world's largest currency hoard fell to USD 3.12 trillion last month, down USD 45.7 billion from September, marking the lowest level since March 2011, according to data from the People's Bank of China.

25 Nov 2015

China to invest over $1 trillion abroad in next 5 years: Li

Although China's economic growth has slowed, growth volume is increasing annually.

07 Sep 2015

China announces policies to boost financial leasing

The Chinese government on Monday rolled out measures on financial leasing following a top-level meeting chaired by Chinese Premier Li Keqiang in August that resulted in the decision to boost the sector to help cash-strapped firms.

07 Sep 2015

China forex reserves decline on currency efforts: Bloomberg

China's foreign exchange reserves fell by a record USD 93.9 billion last month, reports said, as Beijing sold dollars to support its own currency following jitters over a sudden devaluation.

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