China's FX reserves rise in March

The $8.3bn increase is a slight turnaround from February’s decline

dollar-and-renminbi-rolls
Positive growth: continued dollar weakening helps to strengthen yuan

China’s foreign exchange reserves rose more than $8 billion in March, as the combination of a weaker dollar and tighter capital controls propelled the yuan and partially reversed losses of the previous month.

The People’s Bank of China published figures on April 8, showing foreign currency holdings increased by 0.27% to $3.14 trillion – a slight reversal of the $27 billion decline seen in February.

February’s drop was the first time in more than a year that China’s stockpile posted losses. At

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