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China's recent decrease in forex reserves considered good

It is a good phenomenon for China's mammoth foreign exchange reserves to diminish for the timebeing, some experts believed. China's forex reserves peaked at 1.9 trillion U.S. dollars at the end of September, now they were below that figure,... ...full story at People's Daily

from People's Daily on Tue, Dec 23 2008

see also:

16 Jul 09 visit China's FX Reserves Top $2 Trillion  »  YouTube
14 Oct 08 visit China forex reserves hit $1.9 trln by Sept.  »  People's Daily China's central bank said on Tuesday that the country's foreign exchange reserves reached 1.9056 trillion U.S. dollars by September this year. &$&$Source:Xinhua&$&$ ...
08 Sep 09 visit China's forex reserves grew 14,000 times in 60 years  »  People's Daily According to a report released by National Bureau of Statistics of China (NBS) on September 7, the country's forex reserves have grown almost 14,000 times in 60 years, becoming the largest in the world. The NBS said that in 1952, China's forex reserves...
16 Jul 09 visit Rapid growth of foreign exchange reserves might lead to RMB appreciation pressure  »  People's Daily &$&$Surging forex reserve marks inflow of international capital&$&$ &$&$More foreign exchange reserves should be in private hands&$&$ China's foreign exchange reserves have again picked up momentum since March this year increasing by 177.87 billion...
12 Jul 07 visit Forex reserves swell to $1.33 trillion  »  People's Daily China's foreign exchange reserves increased by $40 billion in June, pushing the total figure to $1.33 trillion, the central bank said yesterday. It was a 41.6 percent increase year-on-year, the People's Bank of China said in a statement ...
16 Jul 09 visit More foreign exchange reserves should be in private hands  »  People's Daily &$&$Rapid growth of forex reserves might lead to RMB appreciation pressure&$&$ &$&$Surging forex reserve marks inflow of international capital&$&$ On July 15 the People's Bank of China declared that national foreign exchange reserves had reached...

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