China’s Foreign Reserves Shrink to $3.12485 Trillion in April


China’s foreign reserves have come in slightly below expectations in the month of April.

Data released by the Chinese central bank indicates that China’s foreign reserves stood at USD$3.12485 trillion in April, as compared to a consensus forecast of $3.1310, and a reading of $3.14282 for the preceding month.

They posted an on-month decline of $17.968 billion in April, as compared to an on-month increase of $8.338 billion the preceding month.

China’s foreign reserves were worth 2.172959 trillion SDR in April, as compared to 2.161701 trillion SDR in March.