China’s foreign currencies deposits were almost flat in October14 November, 2012, 0:43. Posted by Zarathustra
Since Chinese Yuan started to strengthen this summer, foreign currencies accumulation has slowed. In October, total foreign currencies deposit ticked up slightly from US$413.8 billion to US$417.6 billion. On a year-on-year basis, of course, growth rate remains very much elevated compared with the low base last year.