Beijing has continued increasing its foreign exchange reserves – already the world’s largest – adding $10.64 billion in June to its $3.112 trillion, central bank data showed on Tuesday.
The figure is less than the $3.120 trillion expected by economists who were polled by Reuters.
The bullion reserves stayed unchanged from the end of May, at 62.64 million fine troy ounces. The value of gold holdings rose to $110.76 billion at the end of June from $108.29 billion at the end of May.
The increase in foreign exchange reserves was due to the strengthening of the yuan and the global asset prices rebound.
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While west centrist news mass-media propagandizing the fall of China. Even blackrock agreed to this. (((their))) plan is to buy up China while the market is down. Quite sneaky, quite intelligent, quite sad.