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China forex reserves cross US$3 trillion

Reserves rose US$6.92 billion during February to total US$3.005 trillion, their first increase since June 2016

The yuan has steadied in recent weeks as the dollar's rally lost steam. The Chinese currency gained 0.2 per cent in February, and is up 0.8 per cent so far in 2017.


CHINA'S foreign exchange reserves unexpectedly rose for the first time in eight months in February, rebounding above US$3 trillion as a regulatory crackdown and a steadying yuan helped staunch capital outflows.

The rebound in reserves could ease fears in global markets that...

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