Forex reserves to maintain momentum
By Chen Jia | China Daily | Updated: 2019-10-08 08:05
Foreign currency holdings stay above $3 trillion mark by the end of Sept
Chinese foreign exchange reserves, the world's largest, remained above the $3 trillion mark by the end of the third quarter, indicating generally balanced capital inflows and outflows amid trade tensions, analysts said.
The nation had foreign exchange reserves worth $3.092 trillion on the mainland by the end of September, up 0.6 percent or $19.7 billion from the beginning of this year. In August, the reserves stood at $3.107 trillion, according to data released by the People's Bank of China, the central bank, on Sunday.
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