China’s foreign exchange reserves gained US$10 billion in March, in a sign of abating panic over the prospects of the world’s second biggest economy and the outlook of its currency.
Foreign exchange reserves rose to US$3.213 trillion at the end of last month from US$3.202 trillion at the end of February, data released by the People’s Bank of China showed on Thursday.
The figure, which marked the first monthly rise since last October, was an improvement from previous months – the reserves fell US$28.6 billion in February.
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