China's foreign exchange reserves rose and topped $3 billion for the fifth month in a row in June, indicating easing capital flight pressure, the central bank data showed last Friday. The reserves stood at 3.057 trillion U.S. dollars at the end of June, up 3.2 billion dollars from the end of May. Although slightly below market expectations of $3.061 trillion, this has created the longest period of increases for the nation's forex reserves since June 2014.
JUMORE Reviews
The steady growth of China's foreign exchange reserves is conducive to curbing short selling of the yuan by international speculators and tapping currency speculation, which is also helpful to guard against financial risks and ensure the healthy development of Chinese economy and finance.
JUMORE Reviews
The steady growth of China's foreign exchange reserves is conducive to curbing short selling of the yuan by international speculators and tapping currency speculation, which is also helpful to guard against financial risks and ensure the healthy development of Chinese economy and finance.
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