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China Forex Reserves increased in January

China's foreign-exchange reserves increased for the third straight month in January, as continued dollar weakness boosted values in assets denominated in other currencies.

The foreign-exchange hoard rose by $15.21 billion in January from the previous month to $3.088 trillion, data from the central bank showed. Economists expected a gain of $12 billion. In December, China's forex reserves grew by $11 billion.

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