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China forex assets at record US$1.01 trillion at end May

China forex assets at record US$1.01 trillion at end May

China's foreign exchange deposits hit a record high of US$1.01 trillion toward the finish of May, contrasted and US$1 trillion per month sooner, the national bank said on Thursday.

Unfamiliar trade stores have been consistently developing since last year, helped by China's colossal exchange excess and proceeded with capital inflows into Chinese stocks and bonds.

Unfamiliar property of Chinese bonds hit a record last month.

Individuals' Bank of China (PBOC) said the foreign cash deposits developed by 35.7 percent year-on-year, and were up by US$9.4 billion from a month prior.

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