China's Foreign Exchange Reserves UpChina's foreign exchange reserves had reached 158.6 billion US dollars by the end of June, up 3.9 billion US dollars over the same period of last year, according to Dai Xianglong, governor of the People's Bank of China.The exchange rate of the Chinese currency, Renminbi, showed a slight upward trend, the official said at the press conference held Wednesday. He said that the total assets of foreign banks in China had reached 32.3 billion US dollars by the end June, including 20.8 billion US dollars of loans. The number of foreign banks allowed to conduct RMB business in Shanghai and Shenzhen had reached 32. |
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