Chinese Foreign Reserves End Year Slightly Above $3 Trillion
Posted on 01/09/2017
China policymakers appear to be preferring implementing capital controls in the country instead of blazing through their massive pool of foreign exchange reserves to guard the yuan. For example, the Chinese government increased paperwork for the country’s citizens seeking to use their annual US$ 50,000 foreign exchange maximum. More strict capital controls could be underway. […]
