test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Economy | Time:Jul 9 2018 2:59PM
China's forex reserves rebound in June
 
Text size
BEIJING, July 9 (Xinhua) -- China's foreign exchange reserves stood at 3.1121 trillion U.S. dollars at the end of June, up 0.05 percent from May, official data showed Monday.

The amount, beating market forecasts of 3.1028 trillion dollars, came after two months of decline, according to the People's Bank of China (PBOC).

The State Administration of Foreign Exchange (SAFE) attributed the rise in June to a stable forex market at home, dollar strength and fluctuating asset prices.

The economy has been stable this year with good momentum for growth. Sound economic fundamentals have stabilized market expectations and cross-border capital flows, the SAFE said on its website.

The forex regulator said as the country pursues supply-side structural reform, innovation-driven development, reform and opening-up, its potential for stable economic growth can ensure stability in the forex market.

SAFE warned of external uncertainties, especially those originating in the United States, but expected forex reserves to stay generally stable.

According to the PBOC, gold reserves were unchanged in June at 59.24 million ounces, equivalent to 74 billion dollars.


Source: Xinhuanet
Related Articles
China's central bank continues to inject liquidity into market
Chinese banks see net forex purchase in H1
China remains ASEAN's largest trade partner for ninth year
Consumer spending to sustain momentum
IMF forecasts 6.6% growth for China
1st LD-Writethru: China's fixed-asset investment up 6 pct in H1
China's GDP grows 6.8 pct in H1
China FDI volume grows in first half of 2018
Beijing, Shanghai among top 10 cities for future GDP
China's qualified registered trademarks hit 16.8 million
 
Research
Brief analysis of annual reports of some listed companies ...
Nylon and polyester markets in reverse trend
 
 

浙公网安备 33010902000742号