Reserves increased by 1.1 percent over 2018 and were up by $12.3 billion in a single month in December, suggesting general equilibrium of supply and demand in the foreign exchange market.
BEIJING: China's foreign exchange reserves rose to a six-month high of nearly $3.11 trillion as of the end of December, supported by stronger exports and stable capital inflows amid the financial opening-up, according to regulators on Tuesday.
Reserves increased by 1.1 percent over 2018 and were up by $12.3 billion in a single month in December, suggesting general equilibrium of supply and demand in the foreign exchange market, the State Administration of Foreign Exchange said. Reserves decreased by $88.7 billion in 2018.
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