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Friday, 03 February 2012 |
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China's money supply, including M0, M1, and M2, all increased at steady speed last year. This compares clearly with the stimulus money supply of previous two years.
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Friday, 03 February 2012 |
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At year end of 2011, the outstanding balance of RMB and foreign currency deposits stood at 82.67 trillion yuan, up 13.5 percent year-on-year, among which, RMB deposits registered an outstanding balance of 80.94 trillion yuan, rising by 13.5 percent year-on-year.
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Friday, 03 February 2012 |
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China 's RMB (Yuan) based cross-border trade settlement totaled 2.08 trillion Yuan in 2011, according to People's Bank of China. Based upon the year end forex rate of 6.3 Yuan per USD, this is equivalent to about $330 billion USD.
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Friday, 03 February 2012 |
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In another small step toward Yaun internationalization, the People’s Bank of China signed another bilateral local currency swap agreement with the Central Bank of the UAE on January 17th.
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Friday, 03 February 2012 |
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As can be seen from this chart, China's foreign exchange reserve has been treading down about $80 billion recently.
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Page 1 of 154 |
China News
