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


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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