China's Forex reserve grow for 6th straight month
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China's foreign exchange reserves grew for a sixth consecutive month in July, data showed on Monday.
Forex reserves rose $24 billion to $3.081 trillion in July, compared with an increase of $3.2 billion in June.
In the first six months, China has witnessed more balanced cross-border flows, the Administration of Foreign Exchange said in an online statement.
Supported by sound economic fundamentals and a steadier yuan, companies' appetite for foreign exchange purchases have become more rational, according to the administration.
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