Posted inBeijingChina

China’s foreign exchange reserves pass $3.1-trillion mark

Eye-watering would be an apt description. Last month, China’s foreign exchange reserves jumped US$5.82 billion to more than $3.1 trillion despite escalating trade tensions. On Tuesday, the People’s Bank of China, the country’s de facto central bank, released data which showed an unexpected rise from June’s figure of $1.51 billion. “Foreign exchange reserves rose $5.8 […]