China Foreign Reserves Post 12th Straight Gain as Yuan Rises
- Stockpile climbed $21.6 billion to $3.16 trillion in January
- Authorities may relax capital controls gradually: OCBC
Photographer: Scott Eells/Bloomberg
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China’s foreign-exchange reserves rose for a 12th straight month, as the yuan strengthened and the economic outlook improved.
The world’s largest foreign currency stockpile climbed $21.6 billion to $3.16 trillion in January, the People’s Bank of China said Wednesday, compared with the $3.17 trillion estimate in a Bloomberg survey.