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China's Dec forex reserves rise to $3.14 trn, highest since Sept 2016

For the full year, China's forex reserves rose $129.5 billion from $3.011 trillion at the end of 2016

Reuters  |  Beijing 

China's foreign exchange reserves rose to their highest in more than a year in December, blowing past economists' estimates, as tight regulations and a strong yuan continued to discourage capital outflows, central bank data showed on Sunday. Notching up their 11th straight month of gains, reserves rose $20.2 billion in December to $3.14 trillion, the highest since September 2016 and the biggest monthly increase since July. That compares with an increase of $10 billion in November. Economists polled by Reuters had expected reserves to rise by $6 billion to $3.125 ...

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First Published: Sun, January 07 2018. 14:40 IST