Forex reserves rise for second month in row

Economists forecast stable economic growth for the last quarter of 2018

China's foreign exchange reserves rose for the second consecutive month in December to $3.07 trillion, generally maintaining stability amid increased fluctuations in global financial markets, according to data issued by the country's foreign exchange regulator on Monday.

The foreign reserves by the end of 2018, however, slightly decreased from $3.14 trillion by the end of 2017, mainly due to a 5 percent depreciation of the renminbi against the US dollar within the last year. But the amount is still the world's largest.