The Weak Spot in China's $3.3 Trillion Foreign Reserve Stockpile - Bloomberg Business
Wednesday, January 20, 2016
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.