China's foreign exchange reserves hit five-year high in May driven by rising asset prices as dollar weakened

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China's foreign exchange reserves expanded in May to hit a five-year high as the US dollar weakened against other major currencies, driving up the value of the country's non-dollar holdings, official data showed Monday.

The country's foreign exchange reserves stood at $3.2218 trillion at the end of May, marking the highest rising by 23.6 billion dollars, or 0.74 per cent, from a month earlier, according to data released by the People's Bank of China on Monday.

"The forex market has maintained stable operation, with generally rational . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!