BEIJING, June 7 (Reuters) – China’s foreign exchange reserves, the world’s largest, rose more than expected in May, official data showed on Monday, as the U.S. dollar weakened.
The data showed China’s foreign exchange reserves rose $23.62 billion to $3.22 trillion last month, compared with $3.208 trillion seen in a Reuters poll of analysts and $3.198 trillion in April.
Foreign inflows into Chinese stocks and bonds have been strong as China gallops ahead of other major economies in its recovery…
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