China’s April FX reserves rise to $3.22 trillion
Sunday May 8, 2016
05:27
BEIJING, May 7(Reuters) – China’s foreign exchange reserves rose in April to $3.22 trillion, central bank data showed on Saturday, marking a second monthly rise this year and suggesting that the central bank is easing off its interventions as capital outflows ease.
Economists surveyed in a Reuters poll had expected foreign exchange reserves to fall to $3.2 trillion.
The central bank data comes after a surprise increase in March when foreign exchange reserves rose slightly to $3.21 trillion, the first monthly increase since November.