China’s reserves approach $ 3.1 billion
Compared to 2018, the economy of the Asian country increased about 35.212 million dollars
The State Administration of Foreign Exchange (SAFE) indicated that China’s foreign exchange reserves grew to $ 3.108 billion.
The balance of 2019 with respect to the savings of the Asian nation showed a growth of 35.212 million dollars. That is, 1.15% more than December 2018.
Wang Chunying, the SAFE chief spokeswoman, explained that the amount of foreign currency reserves “is affected by multiple factors, including exchange rates and changes in the stock market.”
On the other hand, the expert added that despite the uncertainty the local economy will continue to “grow in a reasonable range.”
And, although “the volatility of international financial markets can increase, the Chinese economy has the capacity to resist, potential and room for maneuver, while its long-term positive trend remains unchanged.”
K. Tovar
Source: Bancaynegocios
