China FX reserves inch higher in March

PBoC figures show increase of $3.96 billion, resulting in the second consecutive monthly reading above $3 trillion

Renminbi call: the consensus among forecasters contributing to FX Week is for USD/CNY to trade at 7.13 in 12 months’ time

China’s foreign exchange reserves rose slightly in March, as capital controls and a stronger yuan against the US dollar reduced capital outflows from the mainland.

Figures published on A