China Macroeconomics & Academia

Christopher Balding

FX & Rates

<p>Full year data for PBOC Reserve Assets was released recently. After a slight decline in the beginning of 2017, PBOC Reserve Assets grew throughout the year. Having a closer look, the reason for this decline is FX settlements being lower than FX sales.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/044/323/original/Slide1.PNG?1518431558" class="editor-image img-responsive" data-smartkarma-image-id="44323"></figure><div class="content-caption">Figure 1</div><p>As we can see in Figure 1, PBOC official reserve assets declined from $3.3 Trillion to $3.1 Trillion at the end of 2016. From the beginning of 2017 onwards official reserve assets grew back again up to $3.25 Trillion. At the same time…</p>

Full year data for PBOC Reserve Assets was released recently. After a slight decline in the beginning of 2017, PBOC Reserve Assets grew throughout the year. Having a closer look, the reason for this decline is FX settlements being lower than FX sales.Figure 1As we can see in Figure 1, PBOC official reserve assets declined from $3.3 Trillion to $3.1 Trillion at the end of 2016. From the beginning of 2017 onwards official reserve assets grew back again up to $3.25 Trillion. At the same time…

CNY

Growth of PBOC Official Reserve Assets