Monthly Archives: November 2013

PBOC Says No Longer in China’s Interest to Increase Reserves

The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation. According to Kenneth Leung, professor of economics at Daniels College of Business, “Part of that move could be related with a bigger geopolitical […]