China’s FX reserves fall again in December, but decline slows

Latest PBoC figures show a drop of $41 billion in December to $3.01 trillion, the sixth straight month of decline

renminbi-and-dollar-getty
"Chinese FX reserves were very conveniently just above the psychological $3trn level" - Rabobank's Every

China's foreign exchange reserves continued to fall in December, albeit at a slower pace than in previous months, as the People's Bank of China (PBoC) was forced to intervene in the market to fight a surging dollar in the aftermath of the US presidential election.

Data published by China's central bank shows FX reserves shrank by $41 billion to $3.011 trillion in December – the lowest level since February 2011 and the sixth consecutive month of decline.

The drop is significant, although it is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: