China's foreign exchange reserves reached the highest level in more than two years, standing at $3.2457 trillion as of the end of March, while gold reserves increased for the 17th consecutive month, the State Administration of Foreign Exchange said on 7th of April.
China's foreign exchange reserves reached a two-year high of $3.238 trillion as of the end of last year while gold reserves increased for the 14th consecutive month, the State Administration of Foreign Exchange said.
China is simplifying rules to facilitate foreign institutional investor activity in its financial market — the latest move by the country to expand financial opening-up and attract investment from abroad, experts said on 13rd of Nov.
The New Development Bank is funding the building of a sustainable future.
China's financial hub Shanghai expects to notch a year-on-year gross domestic product (GDP) growth of over 5.5 percent this year, according to a government work report delivered by the city's mayor, Gong Zheng, on Wednesday.