China to keep foreign exchange reserves stable

Chinese foreign exchange reserves rose by $8.6 billion month-on-month in November after three months of declines, influenced in part by rising bond prices in some major countries, the central bank said on Friday.

By the end of last month, foreign exchange reserves stood at $3.06 trillion, a net drop of $78 billion since the end of 2017, the bank said.

Last month's increase was a result not only of the higher bond prices but also a strengthened US dollar, Wang Chunying, a spokeswoman for the State Administration of Foreign Exchange, said on Friday.