China may stop accumulating forex reserves: economists

Beijing

CHINA'S generation-long accumulation of foreign exchange reserves may be at an end, reshaping monetary policy and eroding a source of demand for US Treasuries.

China's stockpile, the world's largest since 2006, will be US$3.5 trillion to US$4 trillion or lower at the end of 2015, according to 12 of 18 economists in a Bloomberg survey. Eleven said the US$3.99 trillion posted on June 30 was the peak.

"For China's central bank, it means th…