Saturday, February 7, 2026 at 4:36 AM
China's foreign exchange reserves increased to 3.3991 trillion U.S. dollars at the end of January 2026, driven by a weaker dollar and changes in asset prices, reflecting steady economic performance.
Copper prices slipped but remained above $13,000 as China heads into the Lunar New Year holiday, reducing market liquidity.
The central banks are set to leave rates unchanged Thursday, as they consider the impact of a weaker dollar and an influx of cheap Chinese imports on the outlook for inflation.
China’s consumer inflation softened at the start of 2026 after hitting a near three-year high in December, weighed down by falling food prices.
A private gauge of China’s manufacturing sector showed factories continued to expand activity in January.
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