China’s Foreign Reserves Rise for 12th Consecutive Month in January

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The latest official data points to an increase in the size of China’s foreign reserves for the 12th consecutive month in January.

Data released by the People’s Bank of China on 7 February indicates that in January 2018 China’s official foreign reserves hit USD$3.161457 trillion, for an increase of $21.508 billion compared to the preceding month.

Given that in December China’s foreign reserves logged an increase of $20.672 billion, January saw accelerated growth.

China’s gold reserves as of the end of January were $79.675 billion (59.24 million ounces).

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