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: AFPEconomists 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
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
Economy /  China Economy

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
Elaine Chan
Elaine Chan

Updated: 11:04pm, 8 Jul, 2019

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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: AFPEconomists 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
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
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