Nation's foreign exchange reserves see slight increase amid uncertainties

China's foreign exchange reserves moderately increased to $3.101 trillion at the end of May, the highest level in nine months. They were up by $6.1 billion or 0.2 percent from April, according to data from the country's top foreign exchange regulator on Monday.

Wang Chunying, a spokeswoman for the State Administration of Foreign Exchange, attributed this moderate rise to exchange rate fluctuations and changes in asset prices.

In May, escalating global trade tensions and uncertainty surrounding Brexit boosted the market sentiment of risk aversion, pushing up the dollar index as well as global bond indexes, she said on Monday.