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China's forex reserves rise for 2nd month
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CHINA'S foreign exchange reserves rose for a second straight month in April, as fears about a weak yuan and capital outflow eased amid increasing signs of stabilizing economic growth.
China's foreign exchange reserves rose US$7.1 billion from March to US$3.2197 trillion in April, central bank data showed on Saturday.
This marked a second month of rise following the unexpected increase in March that put an end to a falling streak since November, according to data from the People's Bank of China.
China's foreign exchange reserves last rose in October, when they stood at US$3.5255 trillion.
China's gold reserves reached US$74.75 billion at the end of April, up from the US$71.48 billion in March, according to the central bank data.
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