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Foreign exchange reserves rebounded for four consecutive months

  • Author:Orient Honest
  • Source:www.china-disposable.com
  • Release on :2017-06-21
June 7, the People's Bank of China data show that as of May 31, China's foreign exchange reserves of 30536 billion US dollars, compared with the end of April increased by 24 billion US dollars, an increase of 0.8% for the fourth consecutive month of recovery. In January this year, the scale of foreign exchange reserves fell below $ 3 trillion, and then began to pick up.

For the foreign exchange reserves of four liters, the State Administration of Foreign Exchange official said, the flow of funds stabilized and exchange rate valuation factors to promote the recovery of foreign reserves. In May, China's cross-border capital flows continued to stabilize momentum, foreign exchange supply and demand continued to be in a state of basic balance; international financial markets fluctuated, non-dollar currencies relative to the overall appreciation of the dollar, asset prices have increased. The combined effect of these factors has contributed to the recovery of foreign exchange reserves.