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MNI BRIEF: China FX Reserves Up 1.1% Since June

MNI (BEIJING)
MNI (Beijing)

China’s foreign exchange reserves reached USD3.25 trillion at the end of July, up 1.1% since the end of June, China's State Administration of Foreign Exchange said on Wednesday.

Reserves had increased due to changes in conversion rates and asset prices, a statement on the administration's website said, noting the outlook for China’s economic operation and foreign currency reserves was generally stable.

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China’s foreign exchange reserves reached USD3.25 trillion at the end of July, up 1.1% since the end of June, China's State Administration of Foreign Exchange said on Wednesday.

Reserves had increased due to changes in conversion rates and asset prices, a statement on the administration's website said, noting the outlook for China’s economic operation and foreign currency reserves was generally stable.

Keep reading...Show less