BEIJING, Oct. 25 (Xinhua) -- Chinese language industrial banks continued to see web international change gross sales final month however the quan
BEIJING, Oct. 25 (Xinhua) — Chinese language industrial banks continued to see web international change gross sales final month however the quantity has narrowed from that in August, knowledge from the nation’s foreign exchange regulator confirmed Friday.
Chinese language lenders purchased 162.5 billion U.S. {dollars} value of foreign currency and offered 165.9 billion {dollars} value final month, leading to web gross sales of three.four billion {dollars}, the State Administration of International Alternate (SAFE) stated in a press release.
The information narrowed from the 5.four billion {dollars} deficit seen in August.
Within the first three quarters, the banks recorded a web foreign exchange gross sales of 48.2 billion {dollars}, the information confirmed.
China’s cross-border capital flows have remained mainly secure within the first three quarters of 2019, with balanced provide and demand within the international change market.
Earlier knowledge confirmed China’s international change reserves, an analogous measure of capital movement, got here in at 3.0924 trillion U.S. {dollars} on the finish of September, growing 0.6 p.c from the start of 2019.
China’s economic system registered a 6.2-percent development yr on yr through the first three quarters, throughout the authorities’s annual goal of 6 to six.5 p.c.