“China’s firmer yuan and higher interest rates could attract more money inflows this year, despite the possible impact of the Federal Reserve’s stimulus tapering, the country’s foreign exchange regulator said on Friday. The Chinese authorities are considering a ‘Tobin tax’ on financial transactions to deter speculative capital flows, said Guan Tao. Chinese banks posted a surplus of 1.68 trillion yuan ($277.61 billion) in their foreign exchange settlements in 2013, up 210 percent from the previous year, Guan said. The central bank has said China’s foreign exchange reserves, the world’s largest, rose $157 billion in the fourth quarter to $3.82 trillion at end-2013.”
http://www.reuters.com/article/2014/01/24/china-economy-safe-idUSL3N0KY1FS20140124
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