A though China has seen a large trade surplus in the Apast few years,it is striking that the large trade surplus has not been accompanied by large selling of foreign exchange(FX)on China's foreign exchange market....A though China has seen a large trade surplus in the Apast few years,it is striking that the large trade surplus has not been accompanied by large selling of foreign exchange(FX)on China's foreign exchange market.While this has prompted many market participants to talk about potential"FX hoarding,"it has not resulted in a significant increase in official FX reserves or private sector FX deposits.In fact,private sector FX deposits dropped for the most of the past few years.Is this MFX hoarding"or MFX dishoarding"?展开更多
文摘A though China has seen a large trade surplus in the Apast few years,it is striking that the large trade surplus has not been accompanied by large selling of foreign exchange(FX)on China's foreign exchange market.While this has prompted many market participants to talk about potential"FX hoarding,"it has not resulted in a significant increase in official FX reserves or private sector FX deposits.In fact,private sector FX deposits dropped for the most of the past few years.Is this MFX hoarding"or MFX dishoarding"?
