Foreign currency deposits pass US$1 trillion, but why is this bad for China?

- South China Morning Post, SCMP - CHINA ECONOMIC UPDATE Tuesday 6th July, 2021 Economy [Foreign currency deposits pass US$1 trillion, but why is this bad for China?]( 6 Jul, 2021 - 02:12 pm China’s foreign exchange deposits hit US$1.01 trillion at end of May, up 35.7 per cent from a year earlier, having surpassed US$1 trillion for the first time in April. [ ] [ ] Economy [How Covid-19 has changed Chinese entertainment habits]( 4 Jul, 2021 - 09:52 pm [ ] [ ] Economy [Chinese central bank pledges no change over risk management]( 3 Jul, 2021 - 10:41 pm [ ] [ ] Economy [Hong Kong backs US-led effort to ‘combat tax evasion’, with China on board]( 5 Jul, 2021 - 02:40 pm [ ] [ ] Economy [China’s workforce to plunge by 35 million over the next five years]( 1 Jul, 2021 - 08:30 pm [ ] [ ] Economy [China’s exports of coronavirus-critical medical products tripled in 2020]( 2 Jul, 2021 - 11:07 pm [ ] [ ] Economy [Is China a ‘market economy’, and does it matter in WTO dispute with Australia?]( 1 Jul, 2021 - 05:47 am [ ] [ ] Economy [Semiconductor, coal, power shortages increase pressure on China’s economy]( 30 Jun, 2021 - 11:17 pm [ ] [ ] Economy [China’s US trade deal commitments over 30 per cent short of target, report says]( 30 Jun, 2021 - 11:17 pm [ ] INFOGRAPHIC [A visual history of China’s Communist Party]( The Chinese Communist Party was founded in 1921 and formed the People’s Republic of China’s first government in 1949. It remains the country’s sole governing political party and pervades all aspects of society. [EXPLORE NOW]( PODCAST [Translating Xi's 'bloodied heads'; China's east Asian relations]( We analyse Xi Jinping's speech for China's Communist party centenary, and what was missed in the headlines about 'bloodied heads'; how China's relationship with Japan, South Korea and North Korea is changing [LISTEN NOW]( [ ] [ ] [Sign up for our other newsletters]( [ ] From Lifestyle to Business, from local to regional, from breaking news to daily digests never miss a story. Browse our newsletters [ ] [SIGN UP NOW]( [ ] [ ] [ ] [Explore the latest Olympic updates]( [ ] [ ] [ ] STAY CONNECTED [ ] This email was sent to {EMAIL} [why did I get this?]( [unsubscribe from this list]( [update subscription preferences]( South China Morning Post · 19/F Tower One, Times Square · 1 Matheson St. · Causeway Bay · Hong Kong Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.