KrankyMind
Find something great to read

The Weak Spot in China's $3.3 Trillion Foreign Reserve Stockpile - Bloomberg Business

Wednesday, January 20, 2016

Category: Economics

Compared with the amount of yuan sloshing around in the economy, a proxy for potential capital outflows, Chinaâ€s firepower seems limited. The dollar reserves account for 15.5 percent of M2, a broad measure of money in circulation. Thatâ€s the lowest since 2004 and is less than levels in most Asian economies including Thailand, Singapore, Taiwan, Philippines and Malaysia, according to data compiled by Bloomberg.

Read the full article at www.bloomberg.com