PBOC’s $ 5 trillion hoard is here to stay

According to the majority of respondents in a Bloomberg survey of People’s Bank of China (PBOC) watchers, China’s $ 5 trillion hoard is here to stay currently – and could even still expand, when Fed’s $ 4.5 trillion balance sheet is expected to be downsized and the European Central Bank’s  (ECB) should stop growing by the end of this year, The Start reports.

Ding Shuang, chief China economist at Standard Chartered Plc in Hong Kong, noted: ““China is more than a couple of years away from balance-sheet contraction.”