China’s forex reserves rise for third month in a row | Touch Latest Local,World,Tech,Entertainment,Health,Sport News
19 April 2018 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

Trump denies asking Comey to drop probe, decries ‘witch hunt’

President Donald Trump, striking a defiant tone on Thursday after days ofpolitic

Read More

Trouble for embattled Temar as Brazilian congress mulls vote to sack him

Embattled President Michel Temer faces another battle to stay in office after

Read More

Beslan school siege: Russia 'failed' in 2004 massacre

The European Court of Human Rights has ruled that Russia failed to protect the h

Read More

If you're poor it's your fault for not believing in God enough, says mayor of major US city

'It’s broken people – you know – people not being in [a]&nb

Read More

Trump sees global gains from ‘chemistry’ with China’s Xi

President Donald Trump waxed lyrical about his good “chemistry” and

Read More

Trump Orders Review of Iran Nuclear Deal

U.S. President Donald Trump has directed the National Security Council to revi

Read More

Rise In Air Traffic At Shannon Airport

Air traffic at Shannon Airport is continuing to soar. The latest figures fr

Read More

Trump's Economic Scorecard: One Year Since Inauguration

This Saturday is the one year anniversary of President Donald Trump’s election

Read More

Trump Signs Order to Ensure Adherence to Buy American/Hire American Rules

Trump Signs Order to Ensure Adherence to Buy American/Hire American Rules

Read More

US man dies 'peacefully' after told Trump was impeached

US President Donald Trump speaks with a US military veteran (L) after signing S.

Read More

Also Read

Demobilised rebels block road to Ivory Coast’s second city

Demobilised rebel fighters blocked a main road into Ivory Coast‘

Read More

Why Ibadan Now Has About 30 Kings- Gov. Ajimobi Explains

Governor Abiola Ajimobi of Oyo State has explained the rationale of installing m

Read More

Manchester United 3-0 Basel: Fellaini, Lukaku and Rashford guide Mourinho's men to victory

Manchester United 3-0 BaselManchester United secured three points in comfor

Read More

'Personal flying machine' maker plans deliveries this year

WASHINGTON: A Silicon Valley "flying car" startup, Kitty Hawk, reportedly backed

Read More

Arsenal's hopes of securing a top four spot are all but gone after another dismal away performance in the Premier League

Arsenal turned up to Selhurst Park 45 minutes late after their team coach was

Read More

Oh No! Woman Stripped Naked and Disgraced for Allegedly Stealing Handbag (Photos)

Woman disgraced in public for allegedly stealing a hand bag An unidentified wom

Read More

Berger Traders Rendered Helpless As Govt. Demolishes Shops

Traders and shop owners at the Berger retail market are counting their losses, f

Read More

PM flags off UDAN flight scheme: 10 things to know

PM Narendra Modi today flagged off the first regional flights under the Ude De

Read More

Nigerians did not elect you to function as “Friday President”, Fayose tells Buhari

Ekiti State Governor, Mr Ayodele Fayose has said that Nigerians did not elect Ge

Read More

Sixteen dead as rubbish dump collapses on homes in Sri Lanka

A landslide at a rubbish dump in Sri Lanka’s capital has killed 16 people

Read More