China’s foreign-exchange reserves grew for the fifth straight month in March to a seven-month high of $3.099 trillion, according to central bank data Sunday.
March’s $8.58 billion month-on-month increase in the reserves was better than economists had expected. Economists polled by The Wall Street Journal had forecast the world’s largest pile of reserves would stay largely unchanged in March from February.
In March, the yuan dropped 0.3% against the U. S. dollar as the latter rose 1% against a basket of currencies.
