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, signific

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