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China's FX reserves up 0.57% in August
China's foreign exchange reserves increased by 0.57% in August, reaching $3.4383 trillion, a rise of $19.5 billion compared to July. This was driven by exchange rate fluctuations and asset prices, alongside the stability and resilience of the Chinese economy, which supported the reserves. The 0.5% decline in the dollar index helped boost the value of the reserves, with expectations of continued strong Chinese exports and ongoing support for trade growth in the coming period.
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