It was the first time that the reserves climbed for the eighth months in a row since June 2014, bringing the total to its highest level since October 2016, state-run Xinhua news agency reported.
China’s forex reserves, the highest in the world, rose for the eighth month in a row to over USD 3.1 trillion in September as pressure from capital outflow eased, according to official data released today.
In January, the forex reserves plunged below USD 3 trillion, but as the economy stands on a firmer footing and the yuan continues to stabilise, the stockpile has increased steadily since February.
It was the first time that the reserves climbed for the eighth months in a row since June 2014, bringing the total to its highest level since October 2016, state-run Xinhua news agency reported.
The world’s largest currency hoard totalled USD 3.1085 trillion by the end of September, increasing by USD 16.
