China's foreign exchange reserves rose in April for a third straight month, beating market expectations, as capital controls and a pause in the dollar's rally helped staunch capital outflows.
The April rise is reassuring news for policymakers after the yuan steadied as U.S. President Donald Trump backed away from labelling China a currency manipulator, saying the dollar was "getting too strong" and would eventually hurt the U.S. economy.
Reserves rose $21 billion (£16.17 billion) in April to $3.03 trillion, compared with an increase of $3.96 billion in March to $3.009 trillion.
