Caixin
Jan 08, 2018 02:25 PM
ECONOMY

Quick Take: China’s Foreign Exchange Reserves Increase Again

December’s readings showed that cross-border capital flows and the “transaction activities of domestic and foreign entities” became “further stabilized and balanced,”  the State Administration of Foreign Exchange said in its statement. Photo: Visual China
December’s readings showed that cross-border capital flows and the “transaction activities of domestic and foreign entities” became “further stabilized and balanced,” the State Administration of Foreign Exchange said in its statement. Photo: Visual China

China’s foreign exchange reserves, the world’s largest, rose for the 11th straight month in December to $3.14 trillion, official data showed.

About $20.6 billion was added to the country’s stockpile of foreign currencies last month, bringing the total to its highest since September 2016, when foreign exchange reserves stood at $3.17 trillion, according to central bank figures.

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