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在线翻译:
szdaily -> Business
Forex reserves at 9-month high
    2017-August-8  08:53    Shenzhen Daily

CHINA’S foreign exchange reserves rose twice as much as expected in July to a nine-month high as tighter regulations and a weaker U.S. dollar curbed capital outflows.

Reserves rose US$24 billion in July to US$3.081 trillion, compared with an increase of US$3.2 billion in June.

Economists polled had expected foreign exchange reserves to rise US$12 billion.

It was the first time that China’s reserves had climbed for six months in a row since June 2014, with the latest gain lifting them to the highest level since October last year.

China’s foreign exchange regulator said weakness in the dollar helped push up the value of non-dollar currencies in its reserves. The euro, in particular, gained more than 3 percent against the dollar last month.

China burned through nearly US$320 billion in reserves last year, but the yuan still fell about 6.5 percent against the surging dollar, its biggest annual drop since 1994.

China’s forex pile is the world’s largest. (SD-Agencies)

 

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