As China’s foreign currency deposits pass US$1 trillion, banks face unwanted headache, yuan pressure | South China Morning Post

As China’s foreign currency deposits pass US$1 trillion, banks face unwanted headache, yuan pressure | South China Morning Post: 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.