China’s Forex Reserves Rose in December

China’s foreign-exchange reserves rose in December, wrapping up a year marked by a ballooning trade surplus that has renewed debate over the tightly managed Chinese yuan.

The country’s foreign-exchange reserves rose $11.5 billion from November to $3.358 trillion, meeting market expectations, according to data released Wednesday by the People’s Bank of China.

The increase reflected the combined effects of exchange-rate conversions and asset price changes amid a weaker U.S. dollar, China’s forex regulator said.

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(END) Dow Jones Newswires

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