China’s foreign currencies deposits were almost flat in October
14 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.
Source: PBOC
For more news and analysis, visit Also sprach Analyst. Follow us on Twitter and Facebook.
Get our daily email update FOR FREE!
About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.