China's foreign exchange reserves rose for the 12th straight month to reach 3.1615 trillion U.S. dollars at the end of January, official data showed Wednesday.

 

官方数据显示，1月底中国外汇储备连续12个月上涨，已经达到31615亿元。

 

The amount was slightly below the market forecast of 3.17 trillion dollars, and 21.5 billion dollars up from the end of December, according to the People's Bank of China (PBOC).

 

A statement from the State Administration of Foreign Exchange (SAFE) attributed the increase to stronger non-dollar currencies and higher asset prices.

 

Cross-border capital flows and transactions remained stable in January, it said.

 

China's forex stockpile has increased steadily¹ since February 2017 after dipping below 3 trillion dollars in January, as the economy got on a firmer footing and the yuan continued to stabilize².

 

The reserves will continue to maintain overall stability in future, SAFE said, citing positive economic fundamentals and a recovering global economy.

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