In 2015 the People's Bank of China foreign exchange reserves fell for the first time since 1992. According to the regulator the volume of foreign exchange decreased by 513 billion dollars to 3.33 trillion dollars.
A drop in reserves happened due to interventions conducted by the Central Bank of China in order to give some support to yuan after devaluation took place in August.
During last two decades China’s foreign exchange reserves increased dramatically – from 2.2 billion dollars in 1993 to almost 4 trillion dollars in 2014.
In December China’s foreign exchange reserves lost 108 billion dollars out of 3.44 trillion dollars. The experts forecasted the reduction to be at the level of 3.415 trillion dollars.
It should be noted that the inflation rate in China, which was published on January 9, signaled that growth of consumer prices in the country had stabilized.
According to the official data, the inflation in the People’s Republic of China was 1.6% in December in comparison to 1.5% in November.
Moreover, the producer price index decreased by 5.8% in December showing the reduction 46th month in a row.
