China’s Foreign Reserves Rise on Yuan Gains, Capital Curbs
- Reserves gain to $3.14 trillion in March after February drop
- SAFE expects foreign-curency holdings to remain stable
China Is Evaluating Yuan Devaluation As Tool in Trade Spat
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China’s foreign-currency holdings resumed gains last month as the government kept capital curbs in place and the yuan capped its best quarter in a decade.
Reserves rose $8.34 billion to $3.143 trillion in March from the previous month, the People’s Bank of China said Sunday. That was slightly below the $3.146 trillion estimate in Bloomberg’s survey of economists.