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China Daily | Updated: 2013-03-06 07:50
Banks show record currency purchases
China's central bank and financial institutions bought a record net 683.7 billion yuan ($110 billion) of foreign currency in January, a possible signal of large inflows of funds amid optimism that growth is rebounding. Yuan positions accumulated from foreign-exchange purchases increased to 26.5 trillion yuan from December, data published by the People's Bank of China showed on Tuesday.
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