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China fine-tuning foreign exchange reserves amid global uncertainty

By Chen Jia | China Daily | Updated: 2019-02-12 07:15

China is working to maximize investment returns of its foreign exchange reserves amid global economic downside risks, focus more on maintaining sufficient reserves and increase gold purchases to prevent market shocks, said officials and analysts.

The country's total forex reserves continued to rise in January to a five-month high of nearly $3.09 trillion, supported by improved investment management and balanced international payments, the State Administration of Foreign Exchange said on Monday.

Forex reserves increased by $15.2 billion last month compared to December 2018.

China fine-tuning foreign exchange reserves amid global uncertainty

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