China's Forex Reserves See Modest Growth Amid Dollar Weakness
China's foreign exchange reserves increased by $3 billion in May, falling short of expectations. Total reserves grew to $3.285 trillion, slightly below the forecast of $3.292 trillion. The yuan weakened by 1.05% against the dollar, which simultaneously depreciated by 0.23% against other major currencies.

- Country:
- China
China's foreign exchange reserves saw a modest increase in May, rising by $3 billion as reported on Saturday, despite predictions suggesting a more significant uptick.
The reserves, the largest globally, totaled $3.285 trillion, coming in under the expected $3.292 trillion, as they moved upwards from $3.282 trillion in April.
In foreign currency markets, the yuan weakened by 1.05% against the almighty dollar, which itself slipped 0.23% against a basket of other major currencies, impacting reserve valuations.
(With inputs from agencies.)
- READ MORE ON:
- China
- foreign exchange
- reserves
- dollar
- yuan
- currencies
- economy
- finance
- Reuters
- May
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