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SAFE: China forex reserves jump but capital controls remain in place

The country’s foreign exchange reserves have defied projections, and the threat of a looming trade war, to post an unexpected jump in June
SAFE: China forex reserves jump but capital controls remain in place

China's foreign exchange reserves rose an unexpected $1.51 billion in June, according to figures released by the foreign exchange regulator SAFE (the State Administration of Foreign Exchange) today.

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