China Jan Foreign Exchange Reserves $3.211 Trillion Vs $3.217 Trillion at End-Dec
China’s foreign-exchange reserves fell in January after two straight months of increases, official data showed Sunday.
The country’s hoard of foreign exchange decreased by $5.9 billion to $3.211 trillion in January, according to data released by the People’s Bank of China. By the end of December last year, the country’s foreign-exchange reserves stood at $3.217 trillion.
Economists polled by The Wall Street Journal had expected a fall of $2 billion in reserves in January. In December, China’s foreign-exchange reserves increased by $38.03 billion.
China’s yuan appreciated against the U.S. dollar by 1.20% last month, compared with a 0.65% increase in December, according to information provider Wind.
Source: Dow Jones