BEIJING: China’s foreign exchange reserves unexpectedly rose in June, bolstered by an increase in the value of its US Treasury holdings in an otherwise volatile month for Chinese markets, which were battered by fears about a Sino-US trade war.
Reserves rose US$1.51bil in June to US$3.112 trillion, compared with a drop of US$14.23bil in May, central bank data showed yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!