Blog | 07 Aug 2017
China’s foreign exchange reserves rise for 6th successive month to $3,081 billion
China’s foreign exchange reserves, already the world’s largest, rose to $3,081 billion in July from $3,057 billion in June of 2017. This exceeds the expected rise to $3,070 billion.
This is the 6th successive month China’s foreign exchange reserves have risen. The total rise since January 2017 has been $83 billion.
This increase, of course, refutes another of the myths of the ‘China hard landing’ fallacy – that China was going to run out of foreign exchange reserves.
It also confirms the correctness of China’s decision to tighten capital controls.
Data from Trading Economics.
This is the 6th successive month China’s foreign exchange reserves have risen. The total rise since January 2017 has been $83 billion.
This increase, of course, refutes another of the myths of the ‘China hard landing’ fallacy – that China was going to run out of foreign exchange reserves.
It also confirms the correctness of China’s decision to tighten capital controls.
Data from Trading Economics.
source: tradingeconomics.com