Heavy drop: A clerk counting 100-yuan banknotes at a branch of a foreign bank in Beijing. The currency posted its biggest drop in 25 years amid escalating trade tensions. — Reuters
BEIJING: China’s foreign exchange reserves rose unexpectedly in August, even as the yuan posted its biggest monthly drop in 25 years amid escalating trade tensions with the United States.
The country’s foreign exchange reserves – the world’s largest – rose by US$3.5bil in August to US$3.1072 trillion, central bank data showed on Saturday.
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