China's foreign exchange reserves edged up 0.27 percent from a month earlier to 3.1428 trillion U.S. dollars at the end of March, the People's Bank of China said Sunday.

 

中国人民银行周日表示，三月底中国外汇储备比上月微涨0.27%达到31428亿美元。

 

The increase reversed a slight decline seen in February. Previously¹, the forex reserves gained for 12 consecutive² months between February 2017 and January 2018.

 

"The foreign exchange market continued to see generally balanced supply and demand," the State Administration of Foreign Exchange (SAFE) said in a statement.

 

The administration mainly attributed the slight increase to the global financial market's rising effort to avert³ risk, the appreciation⁴ of some major currencies against the U.S. dollar, as well as asset price changes.

 

"The yuan's exchange rate against the dollar has continued two-way fluctuations⁵ and remained basically stable, and the foundation for generally balanced cross-border capital flow has become stronger," SAFE said, citing sound growth, better economic structure and higher growth quality in China.

点击收听单词发音