Skip to content
Subscriber Only
Markets

China Foreign Reserves Post 12th Straight Gain as Yuan Rises

  • Stockpile climbed $21.6 billion to $3.16 trillion in January
  • Authorities may relax capital controls gradually: OCBC
U.S. Dollar Advances Against Other Currencies

Photographer: Scott Eells/Bloomberg

By
Bloomberg News
Updated on

China’s foreign-exchange reserves rose for a 12th straight month, as the yuan strengthened and the economic outlook improved.

The world’s largest foreign currency stockpile climbed $21.6 billion to $3.16 trillion in January, the People’s Bank of China said Wednesday, compared with the $3.17 trillion estimate in a Bloomberg survey.