China’s Foreign Reserves Remain above $3.2 Trillion at End of February


China’s foreign reserves remained above the USD$3.2 trillion threshold at the end of February.

As of the end of February China’s foreign reserves balance stood at $3.2138 trillion, remaining fundamentally stable compared to the end of January, according to figures released by the State Administration of Foreign Exchange (SAFE) on 22 March.

In February the cross-border goods trade payments surplus was $25.7 billion, for a year-on-year rise of 41%.

The direct investment cross-border payments surplus was $8.8 billion, for “steady growth in net-inflows of capital from foreign investors coming to China to make direct investments.”