China’s FX reserves hit seven-month high as capital flows back in

Reserves rise for fifth month in a row in March, as US-China trade thaw eases foreign investors’ concerns

china-exports
Investors' concerns are eased by prospect of an end to US-China trade spat

China’s foreign exchange reserves grew for the fifth month in a row in March, hitting a seven-month high of $3.1 trillion, a sign that foreign capital is flowing back into the country on rising hopes of a US-China trade deal.

China’s FX reserves rose by nearly $9 billion, the country’s State Administration of Foreign Exchange (Safe) said on April 7. That topped expectations for a $5 billion gain, according to a Reuters poll of economists.

The increase was mainly due to a strengthening in the

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