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China FX reserves fall $512.66 bln in 2015, biggest annual drop on record Thursday, 7 Jan 2016 | 4:43 AM ET China's foreign exchange reserves, the world's largest, fell $107.9 billion in December to $3.33 trillion, the biggest monthly drop on record, central bank data showed on Thursday. The December figure missed market expectations of $3.40 trillion, according to a Reuters poll. China's foreign exchange reserves fell $512.66 billion in 2015, the biggest annual drop on record

China's Debt Addiction Who is Beijing kidding with its chest-thumping economic lectures? The Chinese government and its media outlets are using Standard & Poor's U.S. credit downgrade to give Washington a tongue lashing for its "debt addiction." And it's no surprise that Beijing would take the chance to score points domestically and rebuke the know-it-alls at the U.S. Treasury, having been on the receiving end of their hectoring for so long. On the other hand, who are the Chinese kidding with their chest-pounding economic nationalism? A People's Daily commentary yesterday threatened to use China's holdings of U.S. debt as a...

China assesses its gold strategy By Russell Hsiao Chinese leaders convening in Beijing for the annual plenary session of the National People's Congress (NPC) - China's ceremonial legislature - this week will, among other things, hammer out a blueprint for the ascendancy of the country's currency, the yuan (or renminbi). China's 2010 economic blueprint, which was officially unveiled at the plenary's opening, set the country's target growth rate at the proverbial 8%, which is the rate Chinese economists deem sufficient to generate enough domestic demand to make up for dwindling exports to regions such as the United States and Europe....

What the PBoC cannot do with its reserves February 22nd, 2010 by Michael Pettis It is a real toss-up as to which generates more bizarre comment in the international press: Beijing’s long-feared dumping of US Treasuries, or the use and value of the PBoC’s central bank reserves. The revelation last week that Chinese holdings of US Treasury obligations fell in December by $34.2 billion, to $755.4 billion, generated a frisson of fear and excitement, leading one prominent newspaper to worry that “If there is one thing that gets investors twitchy, it is the fear that China is losing its appetite...

Forex reserves drop for first time since 2003(China Daily) Updated: 2008-12-24 07:38 China's foreign exchange reserves have declined for the first time in five years after peaking at $1.9 trillion at the end of September, a State Administration of Foreign Exchange official has said. Cai Qiusheng, head of the foreign debts section under the capital-account management department, made the remarks at an annual meeting of China's import and export enterprises held over the weekend, Shanghai Securities Journal reported yesterday. But Cai did not say in which month, October or November, the forex reserves fell below the $1.9-trillion level, nor did...

Gold rush (EXCLUSIVE) The mainland is seriously considering a plan to diversify more of its massive foreign-exchange reserves into gold, a person familiar with the situation told The Standard. Benjamin Scent Friday, November 14, 2008 The mainland is seriously considering a plan to diversify more of its massive foreign-exchange reserves into gold, a person familiar with the situation told The Standard. Beijing is considering changing its asset allocations during the financial tsunami in order to build up gold reserves "in a big way," the source said. China's fears about the long-term viability of parking most of its reserves in US...

China forex reserves at 1.53 trln usd at end of 2007 - central bank UPDATE Fri, Jan 11 2008, 12:25 GMT http://www.afxnews.com BEIJING (XFN-ASIA) - China's foreign exchange reserves reached 1.53 trln usd at the end of last year, the central bank said. That was up 43.3 pct from the 1.0663 trln usd recorded at the end of 2006. In a statement on its website, the People's Bank of China said that the nation's foreign exchange reserves rose 31.3 bln usd in December alone. Speculative capital inflows may have been a significant contributor to the growth of China's foreign exchange...