The Wall Street Journal highlights new U.S. Treasury data which indicates that China has reduced its U.S. dollar holdings as it begins to diversify its $3.2 billion stockpile of foreign currency reserves: “It clearly...
foreign currency reserves
by Jenny Leung | May 25, 2009
From Bloomberg: China’s yuan posted its biggest decline in almost two months after the central bank lowered the reference rate by the most since December, spurring speculation policy makers will halt currency appreciation to aid...
by Sophie Beach | Apr 30, 2009
From the introduction to an article on YaleGlobal by Wenran Jiang: While the world waits for China to flex its economic muscle to ease the crisis, China’s exposure to the US dollar is a bigger issue with which the country has to...
by Xiao Qiang | Apr 12, 2009
From the New York Times: Reversing its role as the world’s fastest-growing buyer of U.S. Treasuries and other foreign bonds, the Chinese government actually sold bonds heavily in January and February before resuming purchases in...
by Xiao Qiang | Apr 6, 2009
From the Council on Foreign Relations blog: At key points then, China shied away from the decisions that would have allowed it to avoid accumulating so many reserves. China’s leaders probably didn’t intend to accumulate $2...
by Paulina Hartono | Mar 23, 2009
China has proposed a new international reserve currency, indicating its doubts of the dollar’s strength. From Financial Times: China’s central bank on Monday proposed replacing the US dollar as the international reserve...
by Liu Yong | Oct 14, 2008
From Bloomberg: China’s foreign-exchange reserves rose to a world record $1.906 trillion, helping to strengthen the nation’s finances as the credit crisis threatens to trigger a global economic slump. Currency...
by Kate Zhao | Nov 30, 2007
by Kate Zhao | Nov 10, 2007
by Liu Yong | Aug 15, 2007
by Morgan Figuers | Aug 12, 2007
Beijing on Sunday sought to repair fallout from reports it could use its $1,330bn foreign exchange holdings to put pressure on Washington and the dollar with a statement affirming
by Liu Yong | Aug 11, 2007
by Morgan Figuers | Jul 11, 2007
by Sophie Beach | May 21, 2007
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