China Foreign Exchange Reserves Edged Higher in August
China's foreign-exchange reserves edged higher in August against the backdrop of a weaker dollar and a surging trade surplus, renewing concerns about the yuan's appreciation.
China's foreign-exchange reserves rose by $19.55 billion to $3.438 trillion in August, according to data released Monday by the People's Bank of China. The result was higher than the $3.425 trillion expected by economists surveyed by the Wall Street Journal.
Monday's data came as policymakers worldwide weighed actions against inexpensive Chinese exports they say benefit from unfair government subsidies. Concerns about domestic deindustrialization have prompted some countries to consider extra trade barriers and pressure Beijing to allow the yuan to appreciate. The currency is widely considered undervalued.
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(END) Dow Jones Newswires
September 07, 2026 04:46 ET (08:46 GMT)
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