Canadian Money Magazine: Yuan Liquidity

The yuan's liquidity remains strong as the Chines central bank spent yet another 243 million yuan (current rate US$36 billion) to buy foreign exchange flows in May. While this is up from April at 153 yuan, it is down year over year from last May, when the People's Bank of China peaked at 654 yuan. This is a measure of the amount of money that has gone into the system to absorb foreign exchange, which rose to 17.658 trillian yuan by end of May versus 17.416 yuan end of April according to the bank.