Reserves Set for $2.8 Trillion Mean Tightening: China Credit
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China’s foreign-exchange reserves probably rose 4 percent to $2.76 trillion in the fourth quarter, adding to pressure on the central bank to drain cash from the economy and allow the yuan to strengthen.
The world’s largest currency holdings jumped $112 billion after a $194 billion gain in the third quarter, according to the median estimate in a Bloomberg survey of nine economists before the central bank releases the data this week. Reserves probably climbed $361 billion for the year, compared with $453 billion in 2009.