Last updated at: (Beijing Time) Friday, July 12, 2002
China's Forex Reserves Exceed 242.7 Billion USD
China's foreign exchange reserves reached 242.76 billion U.S. dollars by the end of June this year, up 34.2 percent over a year earlier, according to statistics released by the People's Bank of China, the central bank, on Thursday.
China's foreign exchange reserves reached 242.76 billion U.S. dollars by the end of June this year, up 34.2 percent over a year earlier, according to statistics released by the People's Bank of China, the central bank, on Thursday.
The growth rate was 20 percentage points higher over a year ago.
The exchange rate of Renminbi, the Chinese currency, remains stable. It stood at one U.S. dollar for 8.2771 RMB yuan at the endof June, basically keeping the level at the end of last year.