People 's Bank of China 's ( PBOC ) Vice President , Yi Gang , has deflected concerns over the possibility of an extended fall in China 's foreign exchange reserves and reaffirmed confidence in the strength of the economy . Concerns have been raised that though China still owns the world 's largest currency reserves , it has been burning a hole through them at such a fast pace some experts have questioned how low they can go before Beijing is forced to choose between fresh capital controls or to cease giving up selling assets to defend the yuan . Foreign exchange reserves in China have fallen by $ 99.5bn in January to $ 3.23tn after a record fall the previous month .
People's Bank of China's (PBOC) Vice Governor, Yi Gang, has deflected concerns over the possibility of an extended fall in China's foreign exchange reserves and reaffirmed confidence in the strength of the yuan. Concerns have been raised that though China still owns the world's largest currency reserves, it has been burning a hole through them at such a fast pace some experts have questioned how low they can go before Beijing is forced to choose between fresh capital controls or to cease giving up selling dollars to defend the yuan. Foreign exchange reserves in China have declined by $99.5bn in January to $3.23tn after a record fall the previous month.