China’s vast foreign reserves grow to $3.22 TRILLION ...News

Russia Today - Economy
China’s vast foreign reserves grow to $3.22 TRILLION
source : Russia Today ( News ) () 18
Chinese gold and foreign currency reserves, the world’s largest, rose more than expected last month, according to official data published on Monday. The nation’s foreign exchange reserves increased by $23.62 billion to $3.22 trillion in May against $3.208 trillion seen in a Reuters poll of analysts and $3.198 trillion recorded in April. The growth is partially attributed to the weakened US dollar. The Chinese national currency, the yuan, rose 1.6% against the greenback in May, while the dollar dropped 1.6% during last month versus a basket of other major currencies. Also on rt.com

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