China foreign reserves post $74.7 billion Q2 inflow, biggest in 12 years

China's foreign reserves (central bank-held foreign assets) recorded a $74.7 billion inflow in Q2, marking the largest quarterly increase in over 12 years. Analysts said authorities absorbed strong foreign-currency inflows to slow yuan appreciation (a rise in the currency's value), suggesting reserve accumulation was used to limit the speed of the currency's rally.