Sentences with phrase «accumulate foreign assets»

«The PBOC will have to choose between allowing significant currency appreciation and continuing to accumulate foreign assets,» Mark Williams, the firm's chief Asia economist, wrote in a research note Monday.

Not exact matches

In fact asset swaps have been among the major mechanisms by which RMB reserves have accumulated in foreign central banks.

The key drivers of the Savings Glut, however, have weakened or reversed: China's growth is rebalancing toward domestic consumption, and its stock of foreign exchange (FX) reserves has declined; other Asian emerging markets have already accumulated sufficient FX reserves and no longer need to accumulate assets; and the plunge in oil prices is forcing a number of oil exporters to reduce savings to delay or smooth the adjustment in expenditures.