China's forex reserves rise for second month in a row: concerns about capital outflows have receded lately, with the Chinese economy on a firmer footing, supported by a string of upbeat data including industrial profits, factory activity and fixed asset investment
China's foreign exchange reserves, the largest in the world, expanded to $3.1646 trillion in August, the fifth consecutive month of growth, as strong economic resilience and high-level opening-up measures bolstered momentum, experts said. The State Administration of Foreign Exchange said on Monday ... China Forex Reserves Unexpectedly Rise in May Chinese foreign exchange reserves unexpectedly rose $10.23 billion in May of 2020 to $3.102 trillion, beating market forecasts of USD 3.08 trillion. This was the largest figure since February, despite a weakening in yuan amid concerns over growing tensions between Washington and Beijing. China's foreign exchange reserves scored a four-month rising streak in July as the country made major progress in coordinating COVID-19 control and social and economic development. The country's foreign exchange reserves expanded to 3.1544 trillion U.S. dollars at the end of July, from 3.1123 trillion dollars at the end of June, official data ... China has by far the largest foreign currency reserves with over two and a half times more than the second-largest reserve holder, Japan. When China and Hong Kong reserves are considered together ... China's foreign exchange reserves expanded to 3.16 trillion U.S. dollars at the end of August from 3.15 trillion dollars at the end of July, central bank data showed Monday. This expansion marked the fifth straight month of growth for forex reserves, which rose by 0.3 percent from a month earlier to its highest level since October 2016.
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Beijing has joined the global gold rush, increasing its gold reserves for two months in a row to more than 59.94 million ounces. Meanwhile, US State Secretar... Where did China get its gold? An in-depth look at China’s impending gold holdings announcement, the inclusion of the Renminbi in the IMF SDR basket, and the overall effect on the gold price. China’s large amount of reserves is linked to its aging population. During the first quarter of 2020, The Federal Reserve printed more than two trillion dollars with more on the way. This Fed's endless printing of US dollars ... In this episode, we look at the recent talk that China is pushing for a new sovereign currency to replace the dollar as the global reserve currency. It is an...