BEIJING — After a strong performance in 2017, China’s foreign exchange reserves are in a good position forex secrets by tim lucarelli and castaldi maintain stability in 2018, providing support for the highest forex reserves. The central parity rate of the Chinese currency strengthened 83 basis points to 6. 4832 against the US dollar Monday, putting the yuan in its strongest position since May 2016. 14 trillion in December, the highest since September 2016.
Analysts attributed the growth to a weakening dollar, and improving economy, healthier trade and more balanced capital flows. 3 trillion in January 2017, raising fears of decline and depreciation. However, as the economy got on a firmer footing and the government stepped up regulation of illegal capital transfers and overseas investment, reserves increased steadily, 4. 3 percent in the whole year.