China Reserves Post First Gain Since June Amid Capital Curbs
- Stockpile rose by $6.9 billion to $3.005 trillion last month
- Global financial market uncertainties remain: SAFE statement
Why Money Keeps Flowing Out of China
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China’s foreign-currency reserves unexpectedly halted a seven-month losing streak, rising in February amid tighter controls on capital outflows and a rally in the yuan.
The stockpile increased by $6.9 billion to $3.005 trillion last month, the People’s Bank of China said Tuesday. That exceeded the $2.969 trillion estimate in a Bloomberg survey of economists.