CHINA-ECONOMY: FOREIGN EXCHANGE RESERVES
According to data released by the
People’s Bank of China on May 7, 2017, China’s foreign-exchange
reserves rose for the third straight month in April, edging up on the back of a
less bullish U.S. dollar and Chinese government controls on money moving
offshore. The foreign-currency reserves increased by $20.45 billion From
the previous month to $3.03 trillion. |