China forex reserves end-Oct USD 3.1092trln vs 3.1085trln prev

China forex reserves report from the PBOC now out 7 Nov

  • 9th straight month of gains
  • gold reserves $75.238bln vs $76.005bln prev

The longest run since mid-2014 when they peaked around USD 4trln  Curbs on capital outflow have reduced the need of PBOC intervention but eEconomists/analysts suggest that if the trend continues then the PBOC will be inclined to relax those capital controls a little further.                 » A nice pile of reserves building up eh? » Yep, mmmmm yummy»
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