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China’s May foreign exchange reserves unexpectedly rise to US$3.102 trillion

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[unable to retrieve full-text content]China’s foreign exchange reserves rose unexpectedly in May even as the yuan weakened on worries over an escalation in tensions between Beijing and Washington.The world’s largest forex reserve rose by US.233 billion in the month to US.102 trillion, according to figures released by China’s central bank on Sunday.Economists polled by Reuters had expected the reserves to fall by US.459 billion in May due to fluctuations in global exchange rates and the prices of foreign bonds that Beijing…

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[unable to retrieve full-text content]
China’s foreign exchange reserves rose unexpectedly in May even as the yuan weakened on worries over an escalation in tensions between Beijing and Washington.The world’s largest forex reserve rose by US$10.233 billion in the month to US$3.102 trillion, according to figures released by China’s central bank on Sunday.Economists polled by Reuters had expected the reserves to fall by US$10.459 billion in May due to fluctuations in global exchange rates and the prices of foreign bonds that Beijing…
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