China holds firm to its US$5t anchor as Fed, ECB seek exit

Beijing

INVESTORS who fret about when and how global central banks will run down their crisis-era balance sheets can relax about the biggest of them all - China's.

Whereas the Federal Reserve's US$4.5 trillion asset pile is set to be shrunk and the European Central Bank's should stop growing by the end of this year as the outlook brightens, China's US$5 trillion hoard is here to stay for the time being - and could even still expand, according to the majority of respondents in a Bloomberg survey of People's Bank of China (PBOC) watchers.