The uncertain timing of the second rate increase by the US Federal Reserve remains a challenge, which may put China’s capital flows and yuan’s exchange rate at risk. Photo: Reuters

China’s forex reserves rise for second month in a row in April to US$3.22 trillion

Increase of US$7.1 billion beats market forecast of a drop, pointing to easing in capital outflows, figures released by People’s Bank of China show

Topic |   China economy

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The uncertain timing of the second rate increase by the US Federal Reserve remains a challenge, which may put China’s capital flows and yuan’s exchange rate at risk. Photo: Reuters
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