Chinese foreign exchange reserves shrink

Chinese foreign exchange reserves shrink
# 13 January 2012 13:24 (UTC +04:00)
Baku - APA-Economics. China’s gargantuan stash of foreign exchange reserves has got a little bit smaller, shrinking in the final quarter of 2011 for the first time in more than a decade, Bloomberg reported.

China’s reserves fell by $20.5bn as its trade surplus decreased and capital flowed out of the country, much like other emerging markets.
It was the first drop since the Asian financial crisis in 1998, but Beijing still controls almost $3.2tn in official currency reserves – an unprecedented amount for any country and nearly triple Japan’s reserves, the world’s second biggest.
1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED