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Readings: China inflows, Grain boom, Corporate earnings

Posted on June 28, 2008

Economist: Capital inflows to China - Hot and botheredChina s foreign-exchange reserves jumped by $115 billion during April and May, to $1.8 trillion. In the five months to May, reported reserves swelled by $269 billion, 20% more than in the same period of last year. But even this understates the true rate at which the People s Bank of China (PBOC) has been piling up foreign exchange.Mr Wright reckons that total foreign-exchange assets rose by an astonishing $393 billion in the first five months of 2008 (see chart), more than double the increase in the same period last year.The stockmarket...

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