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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China’s dilemma - where to park all those funds?

Posted on 20 July 2012

The People’s Bank of China buys more than $US2 billion of foreign exchange each working day from Chinese businesses and foreign investors to hold back the appreciation of the nation’s currency - the yuan.
This hoarding has resulted in an unprecedented expansion of country’s foreign exchange reserves. It has increased 160-fold from a measly $US20 billion in 1993 to a staggering $US3.2 trillion in 2012………………………………………..Full Article: Source


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