China’s Forex Reserves hit 2.27 Trillion Record

China’s Central Bank has announced a new record of foreign exchange reserves of $2.27 trillion.

China’s foreign exchange reserve hit a new high of 2.27 trillion U.S. dollars by the end of September, up 19.26 percent year on year, the People’s Bank of China, the central bank, said Wednesday.

In the first three quarters, China’s foreign exchange reserve increased 326.6 billion U.S. dollars, and the increase was 50.7 billion less than the same period last year, the bank said.

China’s foreign exchange reserve added by 43 billion in July, 36.2 billion in August and 61.8 billion U.S. dollars in September.

At the end of June, China’s foreign exchange reserve surpassed 2 trillion U.S. dollars for the first time by 131.6 billion.

Xinhua

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