PBOC sold 208.8bn yuan in forex in January (Reuters calculation)
People's Bank of China forex activities
- PBOC sold 208.8bn yuan in forex in January
Reuters using the central bank's data for their calculation
China FX reserves have been sliding ... The Bank is not too fussed the yuan has dropped in value, but they do not want it to happen too quick, hence the sale of FX to slow the yuan slide.