Mind the Chinese shift in foreign exchange holdings

By Lim Kim-Hwa

March 2014 UTTER ECONOMICS
main image
Advertisement
It’s no longer in China’s favor to accumulate foreign exchange reserves. With the country’s announcement of a policy shift on this issue, what does this mean for the global and regional economy, and for us?While the tapering of quantitative easing (QE) is the dominant economic issue today, the announcement made by the People’s Bank of China last November that China no longer benefits from further increases to its foreign currency holdings is likely to have significant implications.China’s massive US$3.66tril in...

Subscribe to our e-archive to read our older articles.

Subscribe Now
PM
Lim Kim-Hwa

is Chief Executive Officer of Penang Institute

Previous Article Back to Issue Next Article
Advertisement

Trending Now

A Red-light District Worthy of a Vibrant Port

Anecdotal Accounts of Chinese Women Migrants to Southeast Asia

The Japanese Conquest of Penang: Part One

The British-Siamese Boundary Stone: A Momentous Relic in Seberang Perai

A Brief History of 123 Macalister

Subscribe today to access over 2,000 articles in our e-Archive for RM150 a year, and get the 2nd year free.
Support Us

As Penang Monthly continues to evolve, we aim to deliver better quality reads. At present, our three current issues are free for public access. But we need your financial support as we endeavour to be the voice of Penang and an inspiring read for the curious Malaysian.

Every RM100 contribution from individuals (or RM1,000 for corporations) will be entitled to tax exemption receipt.
`