China's foreign exchange reserves hit $3.3T

By Emre Aytekin

BEIJING (AA) - China's foreign exchange reserves reached $3.34 trillion in October.

According to China’s State Administration of Foreign Exchange data, the value of the country's foreign exchange reserves increased by 0.14%, or $4.7 billion, from September.

The administration said that the US dollar index and global financial asset prices generally rose in October, and that the increase in foreign exchange reserves was due to the combined effect of exchange transactions and changes in asset prices.