China’s foreign-exchange reserves
The reserves climbed $20.7 billion to $3.14 trillion in December, according to a People’s Bank of China statement on Sunday, compared with a $3.13 trillion median estimate in a Bloomberg survey. That brought the full-year increase to $129 billion.
The world’s largest foreign currency stockpile has been steadily rebounding since January, when it fell below $3 trillion for the first time in almost six years after the central bank propped up the yuan. The currency has come roaring back with authorities keeping a tight grip on money flowing out of the country and full-year economic growth set to pick up.
