China’s June balance sheet data showed PBOC reserves rose by a predictable $15 billion, extending a 2026 shift from the prior $10 billion monthly decline. The d

China’s June balance sheet data showed PBOC reserves rose by a predictable $15 billion, extending a 2026 shift from the prior $10 billion monthly decline. The data came with no surprises, but scrutiny of China’s external asset position remains high.