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By

BEIJING: China's foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies.

The country's foreign exchange reserves - the world's largest - rose $21 billion to $3.205 trillion last month, compared with $3.192 trillion tipped by a Reuters poll of analysts and $3.184 trillion in March.

The yuan fell 0.63% against the dollar in April, while the dollar last month fell 0.94% against a basket of other major currencies.

China held 66.76 million fine troy ounces of gold at the end of April, rising from 66.50 million ounces at end-March.

China’s yuan rangebound as glum data clouds recovery outlook

The value of China's gold reserves rose to $132.35 billion at the end of April from $131.65 billion at the end-March.

Comments

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George May 07, 2023 01:23pm
"China forex reserves rise to $3.205 trln in April" India's forex $550+ billion... The compromised leaders have looted so much...Pakistan's forex are around $3 billion... Pakistan became independent on August 14, 1947...India on August 15, 1947...China on October 1, 1949... India and China have no Waderas...no compromised generals, politicians and judges!
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Joe May 07, 2023 02:52pm
@George, In short, no Mir Jafers and Mir Sadiqs.
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TimeToMovveOn May 07, 2023 07:46pm
Words are cheap. The only strength of the country is its economy. When a country like Pakistan talks about principles and morally, it means that they have given up on the economy. Become powerful economically, and you get the respect you need.
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Az_Iz May 07, 2023 10:23pm
From being a poor and starving country to become an economic and soon to be a military superpower in such a short time, with dedication , determination and hard work. What an amazing transformation and journey.
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Az_Iz May 07, 2023 10:43pm
@TimeToMovveOn, power , wealth etc are not permanent. Principles are.
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Az_Iz May 07, 2023 10:46pm
By setting goals and pursuing them diligently, it is possible to transform oneself. China is a good example of that.
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TimeToMovveOn May 08, 2023 04:28am
@Az_Iz, "power , wealth etc are not permanent. Principles are." These are the dead words of countrymen who have given up improving the economy. Even if your words, are true, Pakistan neither has principles nor wealth. You lost all principles when you hid OBL. No one in the world sees you guys as a country with principles. You have been a rental state for anyone and everyone over the last 75 years. What principles do you exactly have?
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