Reuters (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. This process has a limit and the capital outflow will gradually slow down,” Yi was quoted as saying. Foreign exchange reserves in China have declined by $ 3.23tn in the previous month to $ 99.5bn after a record fall January .
Reuters (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 $ 3.23tn in the previous month to $ 99.5bn after a record fall January .