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China says its forex reserves relatively abundant despite drop

China says its forex reserves relatively abundant despite drop

As China's foreign reserves, the world's largest, dipped to over three year low to USD 3.3 trillion last month, the government has said USD 107.9 billion shortfall was partly caused due to US interest rate hike and assured the public that there was still "relatively abundant" reserves.

China's external debt climbs to $891.41 billion

The foreign debt touched 5.44 trillion yuan (USD 891.41 billion), or 175.1 billion Yuan more than that at the end of last year.

Chinese banks see smaller forex surplus

The forex surplus hit USD 17.2 billion in May, marking the ninth straight month of surplus in bank-to-client forex transactions, the State Administration of Foreign Exchange (SAFE) said.

China’s external debt touches $785 billion

China's outstanding external debt rose by USD 34 billion the second quarter to reach USD 785.17 billion by the end of June this year, the country's foreign exchange regulator said Monday.

China's current account surplus rises to $69.6 billion

China's current account surplus rose sharply to USD 69.6 billion in the second quarter of the year, the State Administration of Foreign Exchange (SAFE) said Tuesday.