<p>China's foreign exchange reserves, the world's largest, rose more than expected in May, official data showed on Monday, as the US dollar weakened.</p>.<p>The data showed China's foreign exchange reserves rose $23.62 billion to $3.22 trillion last month, compared with $3.208 trillion seen in a Reuters poll of analysts and $3.198 trillion in April.</p>.<p>Foreign inflows into Chinese stocks and bonds have been strong as China gallops ahead of other major economies in its recovery from the coronavirus pandemic.</p>.<p>The yuan rose 1.6% against the dollar in May, while the dollar fell 1.6% during that month against a basket of other major currencies.</p>.<p>China held 62.64 million fine troy ounces of gold at the end of May, unchanged from the end of April. The value of China's gold reserves rose to $119.02 billion at the end of May from $110.73 billion at the end-April.</p>.<p><strong>Check out DH latest videos:</strong></p>
<p>China's foreign exchange reserves, the world's largest, rose more than expected in May, official data showed on Monday, as the US dollar weakened.</p>.<p>The data showed China's foreign exchange reserves rose $23.62 billion to $3.22 trillion last month, compared with $3.208 trillion seen in a Reuters poll of analysts and $3.198 trillion in April.</p>.<p>Foreign inflows into Chinese stocks and bonds have been strong as China gallops ahead of other major economies in its recovery from the coronavirus pandemic.</p>.<p>The yuan rose 1.6% against the dollar in May, while the dollar fell 1.6% during that month against a basket of other major currencies.</p>.<p>China held 62.64 million fine troy ounces of gold at the end of May, unchanged from the end of April. The value of China's gold reserves rose to $119.02 billion at the end of May from $110.73 billion at the end-April.</p>.<p><strong>Check out DH latest videos:</strong></p>