China Jan forex reserves rise more than expected to US$3.088 trln

  • Markets
  • Monday, 11 Feb 2019

BEIJING: China's foreign exchange reserves rose slightly more than expected in January as the yuan rallied on hopes for progress in Sino-U.S. trade talks that could lift some pressure on the cooling Chinese economy.

China's reserves rose by $15.2 billion in January - the biggest increase in a year - to $3.088 trillion, central bank data showed on Monday. That compared with a rise of $11 billion in December.