China’s Foreign Reserves Rise to USD$3.143 Trillion Yuan in March


China’s foreign reserves have returned to growth in March, after a brief respite in increase following a 12-month run of gains.

Figures released by the Chinese central bank on 8 April indicate that China’s central reserves were USD$3.143 trillion yuan, ahead of the previous reading of $3.1345 trillion, yet slightly short of forecasts of $3.146 trillion yuan.

China’s foreign reserves were worth 2.161701 trillion SDR in March, as compared to 2.167861 trillion in February.

As of the end of March China’s official reserve assets included gold reserves of 59.24 million ounces (worth approximately $78.4 billion), unchanged from the previous month.