China’s forex reserves rise for third month in a row | Touch Latest Local,World,Tech,Entertainment,Health,Sport News
25 September 2017 00:00:00 AM Breaking News

• WORLD

China’s forex reserves rise for third month in a row

China’s forex reserves rose for the third month in a row in April, signaling eased capital flight pressure, central bank data showed on Sunday.

Forex reserves climbed to 3.0295 trillion U.S. dollars at the end of April from 3.0091 trillion dollars a month earlier, according to statistics from the People’s Bank of China.

This was the first time the reserves have expanded for three months consecutively since June 2014.

The State Administration of Foreign Exchange (SAFE) predicted last month that the size of forex reserves would become more stable in the future as the economy maintains relatively fast growth and the country’s current account surplus stays in a reasonable range.

Recommended

Loading...

Related Posts

U.S. warns North Korea, may launch preemptive strike

U.S. Vice President Mike Pence meets with U.S. and South Korean soldiers at Ca

Read More

We want mutual trust from Nigeria — China

The Government of the People’s Republic of China(PRC), on Friday said that it

Read More

Chinese yuan weakens to 6.8949 against USD Friday

The central parity rate of the Chinese currency renminbi, or the yuan, weakene

Read More

US Calls Human Rights Debate in UN Security Council

FILE - U.S. Ambassador to the U.N. Nikki Haley votes for a draft resolution cond

Read More

Kushner, Russians discussed secret communication link, reports say

President Trump's son-in-law Jared Kushner and the Russian ambassador talked a

Read More

Who Is New Acting FBI Director Andrew McCabe?

The man taking over an FBI under the spotlight after the abrupt firing of direct

Read More

China's city of peonies to export flowers to Australia

Luoyang, China's "city of peonies," will export 1 million cut flowers to Austral

Read More

Five questions for Trump after FBI firing

President Trump's shocking and unexpected dismissal of FBI Director James Comey

Read More

Five die as plane crashes into supermarket

Five people died when a Swiss-registered light aircraft crashed into a super

Read More

66% of Nigeria’s tax revenues goes to debt servicing, says IMF

The International Monetary Fund (IMF) says 66 percent of Nigeria’s tax revenue

Read More

Also Read

Shannon Town Crowed Clare Premier Division League Champions

Shannon Town have claimed their maiden Clare Premier Division League title.Donal

Read More

The Baby Boy Who Was Born Without A Nose (Photos)

Eli Thompson Eli Thompson is a toddler who was born with no nose. The young bo

Read More

The iPhone of Cars? Apple Enters Self-driving Car Race

Apple is joining the fiercely competitive race to design self-driving cars, ra

Read More

VoguePay empowers Nigerian students to bridge $12b industry software gap

VoguePay Nigeria, a leading online payment gateway, has commenced a process of

Read More

NACOSS VEST 2016/2017

This is the sample of the departmental wear for the set 2016/2017.The vest is av

Read More

My greatest fear as House of Reps Speaker‎ – Dogara

Speaker of the House of Representatives, Hon. Yakubu Dogara, has revealed that

Read More

After years and hundreds of suicides off the Golden Gate Bridge, a new net could save lives

The Golden Gate Bridge is among the most photographed bridges in the world,&nb

Read More

How to overcome the stress of public speaking

A Recent study has suggested that most people undergo a near death experience wh

Read More

First pic of man, 35, murdered by car thieves outside his own home as he tried to stop them taking his Audi

A former naval officer has been run down and murdered by thieves stealing his ca

Read More

Degree admission cutoffs to drop as boards junk spiking of marks(INDIA)

NEW DELHI: Thirty two education boards, including CBSE, Council for the Indian

Read More