China's forex reserves reach $2.273t in 3Q

China’s foreign exchange reserves increased by US$141 billion in the third quarter, the Wall Street Journal reported, a smaller increase than the US$177.87 billion rise seen at the end of the second quarter. The third-quarter increase brought the country’s reserves to US$2.273 trillion as of September 30, from US$2.132 trillion at the end of June. The increase was much higher than China’s US$39.27 billion trade surplus at the end of the third quarter, indicating that money is coming sources other than trade. The fall of the US dollar against major currencies such as the euro would have also boosted the dollar value of securities China holds in other currencies.