(MENAFN) Beijing has carried on raising its foreign exchange reserves – already the greatest in the globe – enhancing them by USD28.15 billion last month from a month earlier, to an overall of USD3.198 trillion.
China’s central bank stated in a report on Friday that the rise was because of the US dollar's fall against other key currencies held in the reserves, together with climbs in global asset prices.
The Chinese yuan rose 1.2 percent against the dollar in the past month, whereas the greenback fell 2.1% against a basket of key global currencies.
Foreign capital inflows to the country also recovered in April, after China registered all-time economic expansion in the January-March period of the year.
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