China's exchange reserves up to 3.14 trillion U.S. dollars
According to data from the central bank,China's foreign exchange reserves up to 3.14 trillion U.S. dollars at the end of December.
This extend shows theseexchange reserves is higher than September 2016,according to the People's Bank of China.
The State Administration of Foreign Exchange (SAFE) attributed the continued increase to stronger non-dollar denominated currencies and higher asset prices, while cross-border capital flows and transactions remained stable.
At the begining 2017, the forex reserves fell below 3 trillion dollars, but as the Economic recovery, the exchange reserves has increased since February.
Looking back at 2017, a expert said because more and more countries take part in Brlt and Road,global economy is recovering, China will keep its forex reserves and international balance of payments balanced and stable in 2018.
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