Economics
$4 Trillion Peak in China’s FX Hoard Frees PBOC’s Hands: Economy
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China’s generation-long accumulation of foreign-exchange reserves may be at an end, reshaping monetary policy and eroding a source of demand for U.S. Treasuries.
China’s stockpile, the world’s largest since 2006, will be $3.5 trillion to $4 trillion or lower at the end of 2015, according to 12 of 18 economists in a Bloomberg survey. Eleven said the $3.99 trillion posted on June 30 was the peak.