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Experiencing massive outflows, since PBoC devalued Yuan back in August, October was a relief. Several economic indicator showed that situation in China is stabilizing at least for the near term. Moreover IMF has given strongest ever signal that Yuan to be included in SDR basket, which staff review recommending inclusion.
According to latest report from treasury around $200 billion might have flown out of China in third quarter.
Compared to that, October is indicating much better fourth quarter. China's official forex reserve rose by $11.4 billion in October, for the first time after 5 months of consecutive decline. Compared to June 2014's all-time peak at $3.99 trillion, total forex reserve currently stands at $3.53 trillion.
Another measure of flow, forex purchase showed similar trend. Chinese central Bank and financial institutions bought Yuan 12.9 billion (net) in October after four months of net sales. In September they had sold 761 billion Yuan.
Next year would prove crucial both for China and the world as continued commodity rout signaling further slowdown in China.
