China's forex reserves rise to a record $365 bn

China's foreign exchange reserves hit a record at the end of August. The People's Bank of China said on Monday that reserves increased a monthly $8.2 billion to $364.7 billion in August, down from a $10 billion average monthly rise in the first seven months of the year.

Source: Reuters

China's foreign exchange reserves swelled to a record at the end of August, but the pace of growth may ease due to a narrowing trade surplus and Beijing's refusal to revalue the yuan, putting the brakes on specul