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China’s foreign exchange reserves expanded for third straight month in June

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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 . . .

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