China’s Foreign Exchange Reserves Continue To Rise
To increase China’s foreign exchange reserves, in November, showed the data from the People’s Bank of China Thursday.
Forex rose by $10 billion to $3.12 trillion US dollars in November. This was the tenth consecutive rise in reserves. The provisions for November came in line with expectations.
Foreign exchange reserves suggests that capital outflows, said continues to be a non-issue in the last month, Julian Evans-Pritchard, economist at Capital Economics.
This has allowed the PBoC said a step back from FX intervention, which will be in the medium term should, renminbi appreciation, the economist.