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China's forex reserves keep growing

February 08, 2018


Abstract : China's foreign exchange reserves rose for the 12th straight month to reach 3.1615 trillion U.S. dollars at the end of January, official data showed Wednesday.

BEIJING, Feb. 7 (Xinhua) -- China's foreign exchange reserves rose for the 12th straight month to reach 3.1615 trillion U.S. dollars at the end of January, official data showed Wednesday.

The amount was slightly below the market forecast of 3.17 trillion dollars, and 21.5 billion dollars up from the end of December, according to the People's Bank of China (PBOC).

The stockpile has increased steadily since February 2017 after dipping below 3 trillion dollars in January, as the economy got on a firmer footing and the yuan continued to stabilize.

The PBOC said the country's gold reserves remained unchanged at 59.24 million ounces, and was valued at 79.68 billion dollars. Enditem

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Keyword: China forex growing

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