A report published by the People's Bank of China (PBoC) showed that China's foreign exchange reserves rose again in December, and recorded the third monthly increase in a row on the back of positive capital inflows, which offset the effect of the depreciation of the US dollar.
According to the report, China's foreign exchange reserves, which are the largest in the world, increased by $27.78 billion in December, reaching $3.25 trillion compared to $3,222 trillion in November. Economists had expected a reduction in foreign exchange reserves by $2 billion.
The data also showed that in December, gold reserves did not change compared to November, and amounted to 62.64 million troy ounces. However, in value terms, reserves rose to $113.13 billion from $113.03 billion.
"The US currency index declined, while the prices of financial assets in the main countries showed different trends of growth and decline," said Wang Chunying, a representative of China's currency regulator.