China forex reserves report from the PBOC now out 7 Nov
- 9th straight month of gains
- gold reserves $75.238bln vs $76.005bln prev
The longest run since mid-2014 when they peaked around USD 4trln
Curbs on capital outflow have reduced the need of PBOC intervention but eEconomists/analysts suggest that if the trend continues then the PBOC will be inclined to relax those capital controls a little further.
" A nice pile of reserves building up eh? " Yep, mmmmm yummy"
