Beijing, December 08 (QNA) – China’s foreign exchange reserves rose to USD 3.1175 trillion at the end of November, up 2.13 percent from a month earlier.
The State Administration of Foreign Exchange of China showed Thursday that the increase in foreign exchange reserves to the combined impact of currency translation and asset price changes.
Affected by monetary policy expectations and macroeconomic data of major countries, the USD index fell, and the prices of global financial assets climbed last month, the foreign exchange regulator said, adding that China’s foreign exchange reserves are expected to stay generally stable as the Chinese economy has maintained its recovery momentum. (QNA)