foreign exchange reserves of China increased by US$ 17 billion in the month of October, to a total of US$ 3.218 trillion, reported on Sunday (7) the People’s Bank of China (PBoC, its acronym in English).
The result surpassed the US$ 3 billion growth expected by economists heard by the Wall Street Journal.
This advance in the Asian country’s foreign reserves last month is related to changes in exchange rates and asset prices, said Wang Chunying, spokesman for the regulator. exchange from China, without further specification.
Wang said in a statement that there were large fluctuations in the financial markets amid the continuation of the Covid-19 pandemic and uncertainties surrounding the global economic recovery.
But, according to the spokeswoman, a continued recovery of China’s economy would provide stable support for the country’s foreign currency reserves.
Fonte: Dow Jones Newswires
Reference: CNN Brasil
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