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China gives up two of its best-kept forex reserve secrets
Beijing has for the first time disclosed its return on investment of its foreign exchange reserves and the share of US dollar-denominated assets in the stockpile. China’s forex reserves generated an annual average return of 3.68 per cent from 2005 to 2014, according to the 2018 annual report released by the State Administration of Foreign Exchange (Safe) on Sunday. The agency did not provide more recent figures. By the end of 2014, US dollar assets accounted for 58 per cent of China’s total forex reserves, down from 79 per cent in 2005, the administration said, adding that the share of the assets in the US ... (full story)