China FX reserves rise 10 months in a row
PBoC figures show $10 billion increase, bringing total reserves stockpile to 13-month high
China’s foreign exchange reserves rose for the tenth consecutive month in November, as tight capital controls and a strong yuan continued to stem outflows from the mainland.
Figures published on December 7 by the People’s Bank of China (PBoC) show FX reserves increased by $10 billion to $3.119 trillion at the end of November – just shy of market expectations of a $11 billion gain and up from October when the stockpile rose $700 million.
November’s data represents the tenth straight monthly
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