BEIJING, (Millat + APP/AFP) – China’s cash stockpile
fell last month to just below $3 trillion, its lowest level since 2008 at the height of the global financial crisis and a trillion dollars down from its record high seen in
mid-2014.
The figure is still more than double second-placed Japan’s $1.2 trillion and larger than the gross domestic product of Britain.
However, it’s shrinking, and the ongoing reduction is ringing alarm bells around global markets.