Foreign exchange reserves of China rose by almost $6 billion in July

In July 2018, China increased its foreign exchange reserves by 5 billion 820 million dollars in June to 3 trillion 118 billion dollars, according to the People's Bank of China. This was a surprise for analysts who were expecting a decline in reserves of $13 billion against the background of the weakening of the yuan. Last Friday, the People's Bank of China was forced to take measures to stop the fall of the national currency, which since mid-April has fallen in price against the dollar by more than 8%. The increase in foreign exchange reserves in China is observed for the second month in a row.

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