TEMPLATE REPORT

China’s foreign currency reserves have moved from $167M in 1979, to the current level of $3.9 trillion. But economists expect that figure to peak in 2015 at between $3.5 to $4 trillion, according to a Bloomberg Survey. Two thirds of assets are held in dollars, a quarter in Euros, whilst the rest is in pounds, yen and other currencies. China’s growth is expected to be 7% this year – a fall from 7.3% in 2014, according to one Goldman Sachs estimate.