Fri, Aug 22, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Foreign-exchange reserves jump in China

Posted on 12 July 2011

China reported a jump in its foreign-exchange reserves and a surge in bank lending, reflecting continued inflationary pressures on the world’s No. 2 economy.
The People’s Bank of China said the country’s stockpile of U.S. dollars and other foreign currency rose $152.8 billion in the April-to-June period—or roughly $1.7 billion a day—to $3.2 trillion. Much of that money comes from earnings by exporters and foreign investors, which adds to an existing flood of cash in the Chinese economy that has helped push up prices………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14616 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031