Forex reserves hit high for 2017

China's foreign exchange reserves in September rose to their highest level so far this year to reach $3.11 trillion, marking growth for the eight straight month, as capital outflows eased thanks to the stronger renminbi, central bank data showed on Monday.

The reserves were up by $17 billion last month, slightly higher than the market expectation of around $16 billion, while the increase in August was $10.5 billion, according to the People's Bank of China.

It was the first time that the country's foreign exchange reserves had grown for eight consecutive months since June 2014.