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China Foreign Exchange Reserves
A foreign asset held or managed by a country's central bank is referred to as the Foreign Exchange Reserves. Usually, gold or a specific currency is used as a reserve asset. Treasury bills, government bonds, corporate bonds, and shares, as well as foreign currency loans can be also special drawing rights and marketable securities denominated in foreign currencies.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.
News (CNY)
China Exports Growth Tops Expectations; Imports Rebound
China's exports grew more than expected in June on de-escalating trade tension with the US and imports rebounded for the first time this year, signalling a positive contribution from net trade to economic growth in the second quarter, official data revealed Monday. Exports increased 5.8 percent year-on-year in June, the General Administration of Customs reported.
RTTNews | 17h 35min ago
China Inflation Turns Positive; PPI Continues To Fall
China's consumer prices rose for the first time in five months in June but it remained weak and producer prices marked its 33rd straight month of decline, adding pressure on policymakers to introduce more measures to support economy. The consumer price index logged an unexpected annual growth of 0.1 percent in June, offsetting a fall of 0.1 percent in May, the National Bureau of Statistics said
RTTNews | 5 days ago
China Inflation Slips 0.1% On Month In June
Consumer prices in China were down a seasonally adjusted 0.1 percent on month in June, the National Bureau of Statistics said on Wednesday.
RTTNews | 6 days ago
