Chinese currency reserve grows for the 6th month in a row
Date: 12:30, 08-08-2017.
Almaty. August 8. Silkroadnews – China’s currency reserve is growing for the 6th month in a row, China Daily reported.
“China's foreign exchange reserves grew for a sixth consecutive month in July, data showed on Monday. Forex reserves rose $24 billion to $3.081 trillion in July, compared with an increase of $3.2 billion in June”, the report said.
It is reported that during the first six months of the year China has witnessed more balanced cross-border flow of capital.
With this it is also noted that due to sound economic factors and more stable yuan, companies have become more rational in their foreign exchange purchases.
