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51 trillion US dollars at the end of September, People's Bank of China said. The reserves decreased by 43.26 billion US dollars in September, marking the fourth consecutive month of declines. The reserves dropped by a record 93.
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9 billion US dollars in August. Media reports said the reserves were down by 180 billion US Dollars in the three months to September in their largest ever quarterly fall.
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The country's gold reserves also fell from 61.795 billion US dollars at the end of August to 61.
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189 billion US dollars at the end of September.
China has burned nearly half a trillion USD since mid last year & nearly USD 180 bn last quarter alone to keep yuan from falling further after it’s recent currency devaluation & stock market rout.Such withdrawals of course will affect other currencies too.
the issue is not yet apparent but will be if China does not grow at a satisfactory rate then they may not keep on buying US bonds. China hold around 1.24 trillion us treasuries while japan is next with 1.19 trillion. the moment china stops rolling those over, shyt will hit the ceiling 🙂