Economics
China Foreign Reserves at Highest Since 2016 as Trade Booms
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China’s foreign exchange reserves rose by more than $50 billion in November to the highest since August 2016, likely boosted by the weaker dollar and a trade surplus at record highs.
Reserves gained for the first time in three months, reaching $3.1785 trillion at the end of November, the People’s Bank of China said Monday. The value of gold assets declined to $110.4 billion.