Julie Cooper – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Julie Cooper on 2016-02-19.

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the fall in China’s foreign currency reserves on the UK economy.

Harriett Baldwin

China’s foreign exchange reserves have fallen over the past year, down $582.5bn since the start of 2015. However, the stock of reserves still remains sizeable, standing at $3.23 trillion. The UK’s exports to China have increased by 85% since 2010 but are still only 5% of total UK trade.