China’s foreign exchange reserves rose for 3rd straight month in Dec to hit new high since 2016

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China's foreign exchange reserves increased in December for the third consecutive month to hit the highest level since 2016 supported by be a weaker US dollar and strong exports.

According to data released by the State Administration of Foreign Exchanges (SAFE) on Friday, China's foreign exchange reserves stood at $3.25 trillion by the end of December, rising by $27.8 billion or 0.86% from the previous month.

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