After dipping in May, China’s foreign exchange reserves have risen, if only just.
Overall reserves grew to $3.205tn in June, according to new data from the People’s Bank of China, up from $3.191tn in May and besting a consensus forecast from economists of $3.167tn.
The June reading marked a relatively quick return to growth and marks another month on the upswing since April, when reserves rose for the first time since October. But gains look shaky at best.
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