A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily]
BEIJING — China’s foreign exchange reserves have remained above $3.2 trillion for 16 straight months, official data showed Monday.
The reserves amounted to $3.24 trillion at the end of March, up by $13.4 billion, or a 0.42-percent rise, from the previous month, according to the State Administration of Foreign Exchange (SAFE).
The SAFE attributed the steady performance to the overall stability and continued recovery of the Chinese economy, the effect of existing and new policy measures, and progress in high-quality development.
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