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What if China's forex reserves keep shrinking?
Beijing working hard to curb capital outflows spurred by slowing growth
Published Wed, Feb 8, 2017 · 09:50 PM
Beijing
CHINA'S cash stockpile fell last month to just below US$3 trillion, its lowest level since 2008 at the height of the global financial crisis and a trillion dollars down from its record high seen in mid-2014.
The figure is still more than double second-placed Japan's US$1.2 trillion and larger than the gross domestic product of Britain.
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Central banks will probably only cut half as much as they hiked