| China’s currency reserves are falling. China’s currency reserves are stabilizing. And depending which way you look at them, both are true. What’s going on?
Data published this weekend by the State Administration of Foreign Exchange (SAFE) showed the country’s reserve pile rose for a second consecutive month by $7.1 billion to $3.22 trillion during April—allaying fears expressed earlier this year that China was burning through its currency holdings in defense of the yuan at an unsustainable rate...............................................Full Article: Source
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