Forex reserves increase for the sixth consecutive month
By Wang Yanfei | China Daily | Updated: 2017-08-08 08:20
China's foreign exchange reserves grew for a sixth consecutive month in July, as a stronger yuan and strengthened oversight over outbound investment helped curb capital outflows.
The forex reserves rose by $3.2 billion over June to $3.08 trillion in July.
Analysts said a recent weak dollar is one major reason for the continued gain of China's forex reserves.
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