The central bank and commercial banks sold a net 17.4 billion yuan (HK$21.3 billion) in foreign exchange last month, compared with net sales of 3.82 billion yuan in July.That is the $64 trillion question.
However, economists say the trend may reverse after the Federal Reserve launched the third round of quantitative easing to stimulate the US economy, which may weaken the US dollar and prompt funds to flow into emerging markets such as China.
S&P 500 & Nasdaq Composite Approach Critical Resistance; Watch for These
Important Levels!
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A tug-of-war with no clear winner—that's what the stock market seemed to be
playing this week. With a Fed meeting, key economic data, and more earnings
on ...
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