China's Foreign Exchange Reserves Continued Rising in May

06/07/2021 | 02:44am

BEIJING--China's foreign-exchange reserves, the world's largest, rose for a second-straight month in May thanks to higher global asset prices and foreign inflows into Chinese stocks and bonds.

The People's Bank of China said Monday that the nation's foreign-exchange reserves stood at $3.222 trillion at the end of May, rising from $3.198 trillion at the end of April.

The result was in line with the $3.216 trillion in reserves tipped by a Wall Street Journal poll of economists.

Write to singaporedesk@dowjones.com

(END) Dow Jones Newswires

06-07-21 0444ET

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