What's news
China Daily | Updated: 2016-04-08 08:45
Govts & policies
Forex reserves end falling streak
China's foreign exchange reserves unexpectedly increased in March, ending a falling streak since November, central bank data showed on Thursday. Foreign exchange reserves rose by $10.28 billion from the previous month to top $3.21 trillion in March. Minsheng Securities analysts attributed the increase to a steady yuan exchange rate as the US interest rate hike worries eased as the domestic economy improved. Gold reserves stood at $71.49 billion at the end of March, up from February's $71.01 billion, according to data from the People's Bank of China.
Photo
