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    China foreign-exchange reserves rise $11 billion to $3.128 trillion in December

    China held 64.64 million fine troy ounces of gold at the end of December, down from end-November.

    China foreign-exchange reserves rise $11 billion to $3.128 trillion in December
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    BEIJING: China's foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.

    The country's foreign exchange reserves - the world's largest - rose $11 billion to $3.128 trillion last month, compared with $3.154 trillion predicted by a Reuters poll of analysts and $3.117 trillion in November.

    The yuan rose 2.8% against the dollar in December, while the dollar last month fell 2.3% against a basket of other major currencies .

    China held 64.64 million fine troy ounces of gold at the end of December, down from end-November.

    The value of China's gold reserves rose to $117.24 billion at the end of December from $111.65 billion at end-November.

    Reuters
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