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China's foreign exchange reserves had maintained strong, double-digit growth since 2001, driven by galloping economic growth, a trade surplus and booming foreign direct investment. The People's Bank of China said in a statement that the country's foreign exchange reserves, the world's largest stockpile, rose to $3.29 trillion at the end of September from $3.24 trillion at the end of June in 2012. Foreign exchange supply and demand in China is "generally balanced" and expectations about China's currency remain "basically stable" despite hot money inflow concerns, according to industry regulator.
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  • (Xinhua)2017-11-17 10:42

    BEIJING - Chinese banks recorded the second straight month of net foreign exchange purchase in October as cross-border capital flows stabilized, official data showed Thursday. Chinese lenders bought $128.9 billion worth of foreign currency last month and sold $126.1 billion, resulting in a net purc...

  • By Li Xiang(China Daily)2017-11-17 08:56

    Official wants key role for ministry in the handling of reserves China needs to reform the management of its massive foreign exchange reserves to address excess leverage in the financial sector, a senior legislator said on Thursday. Huang Qifan, vice-chairman of the economic and finance committee of...

  • By Sun Chao(China Daily)2017-11-14 08:09

    Two recent but separate developments show the Chinese authorities' resolve to expedite measures to curb financial risks after the 19th National Congress of the Communist Party of China. Last week, securities regulators barred billionaire actress Zhao Wei and her husband from trading in the mainland ...

  • By Yin Chengde(China Daily)2017-11-08 09:21

    President Xi Jinping, right, and his US counterpart Donald Trump take a walk to further discuss bilateral cooperation issues in the Mar-a-Lago resort in Florida, the United States, April 7, 2017. [Photo/Xinhua]US President Donald Trump will meet President Xi Jinping in Beijing on Nov 8 during his fi...

  • By Xin Zhiming And Wang Yanfei(China Daily)2017-11-08 08:21

    China's foreign exchange reserves rose slightly in October, capping nine consecutive months of increases, thanks to effective capital flow management and improving economic fundamentals, analysts said.Also, major fluctuations in the scale of the reserves are unlikely in the coming months, they said....

  • (Xinhua)2017-11-07 18:33

    BEIJING -- China's forex reserves rose for the ninth month in a row in October as pressure of capital outflow continued to ease, data from the central bank showed Tuesday. Forex reserves had amounted to $3.1092 trillion by the end of October, up $703 million from a month earlier, according to the Pe...

  • By Chen Jia(China Daily)2017-11-07 07:43

    China's economic growth will reach 6.8 percent year-on-year in 2017, thanks to the strong economic momentum witnessed in the first six months of the year, rebound in exports and a favorable external environment, a new report said. The report, published by the Investment Strategy Group, a research un...

  • (China Daily)2017-11-07 07:43

    Central bank fund infusion helps maintain liquidity China's central bank injected 561.35 billion yuan ($84.6 billion) into the market via various tools in October to maintain liquidity. The People's Bank of China (PBOC) said 498 billion yuan was added via the medium-term lending facility (MLF) to ke...

  • By Chen Jia(chinadaily.com.cn)2017-11-06 21:25

    China's economic growth will reach 6.8 percent year-on-year in 2017, thanks to the strong economic momentum witnessed in the first six months of the year, rebound in exports and a favorable external environment, a new report said.The report, published by the Investment Strategy Group (ISG), a resear...

  • By Yin Chengde(chinausfocus.com)2017-11-06 13:38

    SHI YU/CHINA DAILYOn November 8, US President Donald Trump will meet Chinese President Xi Jinping in Beijing. This will be the third meeting between the two heads of state this year, following meetings at President Trump’s Mar-a-Lago resort in Florida in April and at the G20 Summit in Hamburg in J...

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