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China's Forex Reserves Increase In November

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China's Forex Reserves Increase In November

China’s foreign exchange reserves increased to its highest level in more than four years in November, data from the People’s Bank of China showed on Monday.

Forex reserves rose about $50.5 billion to $3.178 trillion at the end of November. This was the highest level since August 2016.

However, the value of gold reserves decreased to $110.4 billion at the end of November.

Data released earlier in the day showed that exports advanced 21.1 percent on a yearly basis in November, while imports grew moderately by 4.5 percent, resulting in a surplus of $75.4 billion.

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