Growth In Chinese Forex Reserves Slows
From Financial Times:
China’s foreign exchange reserves grew at their slowest pace in more than two years in June, prompting questions over whether the flow of speculative capital into China was slowing as a result of government efforts.
The People’s Bank of China said its foreign currency reserves grew to $1,810bn (€1,140bn, £910bn) at the end of June but increased by a relatively modest $11.9bn over the month after increasing by a record $75.5bn in April and $40.3bn in May.
China’s foreign exchange reserves, which are the biggest in the world, have trebled in size since 2004. But the $11.9bn increase in June was the smallest monthly jump since February 2006.
Read also China’s Currency Reserves Rise 36% to $1.81 Trillion by Nipa Piboontanasawat and Li Yanping.