Asia Pacific: Intervention still a factor
NEWS
The research found that heightened upward pressure from FX markets was not fully offset by reserve accumulation in a number of Asian currencies. It found overall reserves in emerging Asia were up 13.7% in 2005.
Meanwhile, reserves for China alone went up 25.5% to US$818.9 billion. While this has not led to significant appreciation in the currency, the report refers to the relaxation of restrictions.
Since the beginning of 2006, the Chinese monetary authorities have announced a number of measures
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