From Rgemonitor.com: China’s foreign exchange reserves reached over $1.9 trillion at the end of September, taking its stocks to almost twice that of Japan, the second largest holder of reserves and almost four times that of Russia ($540 billion)
This implies an increase of about $100 billion over the quarter or less than the reserve accumulation of the last two quarters. China watchers tend to scour the reserves data for indications of short-term inflows, so called that was betting on a revaluation of the Chinese currency..... Full Article: Source |