China's central bank dep gov talking to the Securities Times
- the level of China's forex reserves will stabilise as expectations on the yuan steady
Reuters reporting.
End of Jan reserves stood at $3.23trln down from $3.33trln previously as I reported here
2015 saw a decline in the world's largest forex reserves by over half a trillion USD, the first ever annual decline. December saw capital outflows increased to $158.7bln and over $1trln in total last year, seven times more than that which left in 2014.
A recent Reuters poll suggests the reserves will have fallen again as of end-Feb to $3.2 trln.
