China's foreign-exchange reserves edged up in February, in a surprise increase following better-than-expected trade figures for the first two months of the year.
The country's foreign-exchange reserves rose $6.497 billion, or 0.2%, to $3.226 trillion at the end of February, the State Administration of Foreign Exchange said Thursday.
Combined factors, such as the exchange rate and asset-price changes, contributed to the rise, the foreign exchange regulator said.
Economists polled by The Wall Street Journal had forecast reserves to have declined to $3.206 trillion at the end of February from January's $3.219 trillion on expectations that capital outflow pressure could have continued in February amid a weakening yuan.
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(END) Dow Jones Newswires
03-07-24 0416ET
