Chinese banks report net forex purchase in December
Chinese banks saw net foreign exchange purchase last month, data from the country's forex regulator showed Jan.21.
Chinese banks saw net foreign exchange purchase last month, data from the country's forex regulator showed Jan.21.
Chinese lenders bought $279.7 billion worth of foreign currencies and sold $233.7 billion worth in December, resulting in a net purchase of $46 billion, the State Administration of Foreign Exchange said in a statement.
In 2021, the banks recorded a net forex purchase of $267.6 billion, the data showed.
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