В In November, China's foreign exchange reserves rose for the second month in a row By IFX

China's foreign exchange reserves, the world's largest, increased by $65.1 billion in November compared to the previous month to $3.117 trillion, according to the State Administration of Foreign Exchange Control ( SAFE).

Reserves rose for the second month in a row, in September they were at the lowest level since March 2017.

Experts, according to Trading Economics, predicted an average increase in reserves to $3.1 from $3.052 trillion in October.

The increase in reserves was facilitated by some weakening of the US currency in November, which increased the value of non-dollar assets in Chinese reserves, Market Watch notes.


Please enter your comment!
Please enter your name here