China’s reserves exceed $2 trillion
China's foreign-exchange reserves reached a new high last month, surpassing $2 trillion, according to the People's Bank of China on Wednesday.
Reserves reached $2.13 trillion at the end of June. The central bank said that China added $185.6 billion to its reserves in first half of the year, with $178 billion being accumulated in the second quarter.
The central bank also said bank lending went up and that the M2 measure of money supply grew at a pace of 28.5% in June from a year earlier
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com