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China's foreign reserves on the rise for first time in four months

1,636 views · Published 7 December 2018 · 0:44 · Indexed 23 September 2026

Channel: CGTN · 2018 · News & Politics

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The People's Bank of China said on Friday that China's foreign reserves rose nine billion U.S. dollars in November to 3.06 trillion U.S. dollars, beating expectations. This marked the first time in the past four months that China's foreign exchange posted gains. Analysts said the increase was due to changes in global currency rates and asset prices. They also said that signs of cooling trade tensions between China and the U.S. also eased pressure on the yuan. 

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