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View Full Version : China's Foreign Reserves Continue to Fall, Ex-PBOC Adviser Says - Bloomberg



NewsWhore
12-07-2011, 08:00 AM
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China&#39;s Foreign Reserves Continue to Fall, Ex-PBOC Adviser Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFSI5bhqP6pmiCrqmzh5fua-WXHHw&url=http://www.bloomberg.com/news/2011-12-07/china-s-foreign-reserves-continue-to-fall-ex-pboc-adviser-says.html)
Bloomberg
The entry of foreign currency into China fuels growth in the nation&#39;s money supply, instead of spurring appreciation of the yuan, because the central bank limits the currency&#39;s gain. In response, the central bank sold bills and ratcheted up reserve ...

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