China fx reserves rise $11 bln to $3.128 trillion in December

[beijingwalker]

China fx reserves rise $11 bln to $3.128 trillion in December​

Reuters
January 7, 202310:40 AM GMT+8

U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration

BEIJING, Jan 7 (Reuters) - China's foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.

The country's foreign exchange reserves - the world's largest - rose $11 billion to $3.128 trillion last month, compared with $3.154 trillion predicted by a Reuters poll of analysts and $3.117 trillion in November.
The yuan rose 2.8% against the dollar in December, while the dollar last month fell 2.3% against a basket of other major currencies .

China held 64.64 million fine troy ounces of gold at the end of December, down from end-November.

The value of China's gold reserves rose to $117.24 billion at the end of December from $111.65 billion at end-November.

China foreign-exchange reserves rise $11 billion to $3.128 trillion in December

China's foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.

www.reuters.com

 

[etylo]

Chinese central bank should be selling US and EU bonds now, what the heck is CCB doing instead of buying US junk bonds after the governor of CCB met with US treasury secretary Yellen two months ago. US is not to be trusted with lots of Chinese money deposited in American banks, look at what happened to Russia, US will confiscate other countrys money and assests in US or EU at any time.

 

[beijingwalker]

Chinese central bank should be selling US and EU bonds now, what the heck is CCB doing instead of buying US junk bonds after the governor of CCB met with US treasury secretary Yellen two months ago. US is not to be trusted with lots of Chinese money deposited in American banks, look at what happened to Russia, US will confiscate other countrys money and assests in US or EU at any time.

I think China already did , but the surging massive trade surplus dollars beat China's speed to diversify them.

 

[Pranaayam]

China, please assist your iron brother with few billions. If you give just $130 billion to Pakistan, they would be out of their crisis.