China FX reserves rebound for first time in eight months

PBoC figures show a rise of $6.9 billion in February, pushing the total above $3 trillion

Chinese garden
Renminbi call: the consensus among forecasters contributing to FX Week is for USD/CNY to trade at 7.17 in 12 months

China’s foreign exchange reserves rebounded above the psychological $3 trillion threshold in February – the first rise in eight months – as tighter capital controls are paying off in limiting ca