Economists polled by Reuters had predicted China’s foreign reserves, which are the largest in the world, would rise by US$2 billion due to anticipation that the United States and China would agree a trade war truce at the G20 summit at the end of June. Photo: AFP
China’s foreign exchange reserves rise faster than expected in June
- The larger-than-expected US$18.2 billion increase comes despite ‘increasing uncertain external factors’, according to the foreign exchange regulator
- China also adds to its gold reserves for a seventh straight month
Topic |
China economy
Economists polled by Reuters had predicted China’s foreign reserves, which are the largest in the world, would rise by US$2 billion due to anticipation that the United States and China would agree a trade war truce at the G20 summit at the end of June. Photo: AFP