# Positive signs for China’s ability to rebuild foreign reserves | ING THINK

> ING expects China's foreign exchange reserves to rise, citing yuan appreciation of 0.38% against the dollar in November and stronger net capital inflows. It notes that corporate exporters are converting dollar receipts into yuan as the currency strengthens.

- Date: 2017-12-05 · published 2017-12-05T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/67712-positive-signs-for-china-s-ability-to-rebuild-foreign-reserves-ing-think
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Rising reserves and capital inflows point to firmer yuan conditions, which lower the local cost of dollar-priced imports. The implications for feed commodity prices are limited.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-07-08 | [China gets net capital inflows \| articles \| ING THINK](https://feedsoft.ai/events/58329-china-gets-net-capital-inflows-articles-ing-think.md) | -0.2% | +0.7% |
| USDCNY | 2018-02-01 | [Happy Chinese Yuan \| snaps \| ING THINK](https://feedsoft.ai/events/66715-happy-chinese-yuan-snaps-ing-think.md) | -0.3% | +1.2% |
| USDCNY | 2025-08-06 | [It’s time for China to allow large renminbi appreciation - OMFIF](https://feedsoft.ai/events/10145-it-s-time-for-china-to-allow-large-renminbi-appreciation-omfif.md) | -0.1% | -0.6% |
| USDCNY | 2022-10-17 | [EXCLUSIVE: Exclusive: China's state banks seen acquiring dollars in swaps market to stabilise yuan \| Reuters](https://feedsoft.ai/events/39358-exclusive-exclusive-china-s-state-banks-seen-acquiring-dollars-in-swaps-market.md) | +0.7% | -1.6% |
| USDCNY | 2021-07-26 | [China’s surging yuan allows Beijing greater financial flexibility, creating capital markets ‘too big to ignore’ \| South China Morning Post](https://feedsoft.ai/events/46288-china-s-surging-yuan-allows-beijing-greater-financial-flexibility-creating.md) | -0.3% | +0.3% |

## Sources

- think.ing.com: https://think.ing.com/snaps/we-are-slightly-more-positive-on-chinas-ability-to-rebuild-foreign-reserves/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.