Investing.com - China's foreign exchange reserves rose unexpectedly in June, posting the biggest monthly increase in more than a year, official data showed on Thursday.
China’s foreign exchange reserves climbed by $13.4 billion last month to $3.21 trillion, according to data released by the People's Bank of China.
Analysts were expecting foreign reserves to fall to $3.17 trillion from the prior month’s $3.19 trillion, which was the lowest since December 2011.
China's yuan has fallen to 5-1/2 year lows in recent days, reviving concerns over its cooling economy and a possible resurgence in capital outflows.