China's FX reserves rose for fifth straight month in August to highest in nearly four years

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China’s foreign exchange reserves rose for the the fifth consecutive month in August to hit a new high in nearly four years as faster economic recovery than other major economies, fluctuations in the US dollar and further opening-up measures attracted capital inflows.

Foreign exchange reserves, the world’s largest, increased by $10.2 billion last month from July to $3.165 trillion, the highest since October 2016, showed data released by the People's Bank of China (PBOC) on Monday.

The country's foreign exchange reserves have risen by $56.7 billion from . . .

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