Chinese banks' forex settlement deficit expands in December

0 Comment(s)Print E-mail Xinhua, January 19, 2017
Adjust font size:

China saw the deficit in its foreign exchange settlement expanded in December, official data showed on Thursday.

Chinese lenders bought 128 billion U.S. dollars worth of foreign currency and sold 174.3 billion U.S. dollars, resulting in a net sale of 320.3 billion yuan (46.3 billion U.S. dollars) in December, up from the November deficit of 33.4 billion U. S. dollars, according to the State Administration of Foreign Exchange (SAFE).

Chinese banks' forex settlement deficit hit 337.7 billion U.S. dollars in 2016, data showed.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter