China's March forex reserves continue to increase

China's foreign exchange reserves rose to 3.09876 trillion U.S. dollars by the end of March, increasing for five consecutive months, official data showed Sunday.

The amount increased by 0.3 percent or 8.6 billion U.S. dollars from the end of February, according to the State Administration of Foreign Exchange (SAFE).

Last month saw the increase in the U.S. dollar index, affected by factors including China-U.S. trade talks, policy changes of the U.S. and European central banks and Brexit uncertainties, said SAFE spokesperson Wang Chunying.

However, the increase in financial asset prices and changes in exchange rate also resulted in the gain of forex reserves, said Wang.

Wang also said that China will continue to keep its economic growth within a reasonable range despite uncertainty in the global market. The increased flexibility of the RMB exchange rate helps the forex reserves remain stable.

Meanwhile, the country's gold reserves amounted to 60.62 million ounces by the end of March, rising for four consecutive months, according to the People's Bank of China (PBOC).

(CGTN)