CHINA'S foreign exchange reserves rose for a second month in July, while gold reserves increased for a ninth month in a row, official data showed on Monday. The continued growth of China's gold and foreign exchange reserves reflects the Chinese economy's resilience and ability to withstand risks, analysts said. Amid the complex and volatile global economy, the growth in foreign exchange reserves will exert a stabilizing effect on the domestic and foreign markets.
As of end-July, foreign exchange reserves stood at $3.2 trillion, up $11.3 billion, or 0.35 percent, from end-June, the State Administration of Foreign Exchange (SAFE) announced on Monday.
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