China Foreign Reserves Rise a Seventh Month Amid Yuan Strength
Currency symbols are displayed at a currency exchange store in Hong Kong.
Photographer: Xaume Olleros/BloombergThis article is for subscribers only.
China’s foreign-exchange reserves posted a seventh straight gain in August as the yuan rose in its best monthly performance in at least a decade.
Steady economic fundamentals have helped restore confidence in the yuan, and capital controls remain tight as new rules on overseas investments were introduced last month to categorize the nation’s plan to crack down on "irrational" outbound acquisitions.