China’s foreign exchange reserves expanded for the third consecutive month in June as the yuan strengthened and global asset prices rebounded amid a recovery in economic sentiment.
The foreign exchange reserves, the largest in the world, increased to $3.1123 trillion by the end of June, showed data released by the State Administration of Foreign Exchanges (SAFE) on Tuesday.
The reserves were $10.6 billion, or 0.3 per cent, higher than a month . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
Grab the Special Offer ! Get Yuan Talks full service at $0.6 a day!
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In