BEIJING Old Skool Black
, Sept. 7 (Xinhua) -- China's forex reserves rose for the 7th month in a row in August as the yuan gained strength and pressure of massive capital outflow eased, data from the central bank showed Thursday.
Forex reserves reached 3.092 trillion U.S. dollars by the end of August, increasing 10.8 billion dollars from a month earlier, according to the People's Bank of China.
It is the first time the reserves have expanded seven months in a row since June 2014.
In an online statement, the State Administration of Foreign Exchange (SAFE) attributed the rise to stable cross-border capital flows and balanced supply-demand in the forex market.
""Climbing asset prices in the global financial market also pushed up the stockpile Old Skool
,"" the statement said.
The U.S. dollar has continued to weaken against most major currencies last month due to weak economic data and uncertainty over monetary policy moves, which drove up the value of non-dollar assets in China's reserve holdings.
The dollar index, which measures the greenback against six major peers, edged down 0.3 percent last month, following a 2.89-percent drop in July.
There had been concerns over capital flowing out of the Chinese market in the second half of 2016 Cheap Vans Old Skool
, when the economy was facing looming downward pressures and the Chinese yuan was in the middle of a losing streak against the U.S. dollar.
In January, China's forex reserves had plunged below 3 trillion U.S. dollars, but as the economy stands on a firmer footing and the yuan continues to stabilize, the stockpile has increased steadily since February.
China's economy expanded 6.9 percent for the first half of 2017, with consumption and services Vans Old Skool Sale
, together with new innovation-driven economic sectors, taking up larger roles in the economy, prompting global institutions such as the IMF to raise GDP forecasts for the country.
Along with the improvements in the economy, the value of the Chinese currency has been trending upwards.
The central parity rate of the renminbi strengthened 42 basis points to 6.5269 against the U.S. dollar Thursday, rising 6 percent from the beginning of the year Vans Old Skool Shoes
, which shrugged off concerns of sharp depreciation.
Zhou Jingtong, a senior researcher with the international finance institute of the Bank of China, attributed the yuan's rebound to combined factors including a stabilizing economy, weaker U.S. dollar and government restrictions on capital flows.
Chinese authorities have been stepping up efforts to curb aggressive overseas acquisitions by the country's ambitious dealmakers, including Dalian Wanda Vans Old Skool Red
, HNA Group Co. and Anbang Insurance Group.
In a document last month, the State Council said overseas investments in areas including real estate, hotels, cinemas, the entertainment industry and sports clubs will be limited Vans Old Skool Blue
, while investments in some sectors such as gambling will be banned.
The document also imposed restrictions in the setup of overseas private equity funds or other investment platforms without specific projects and limited investments that do not meet technological, environmental, or safety standards of the destinations.
Looking forward, with efforts to advance structural reforms, the positive factors that underpin China's growth will continue to accumulate Vans Old Skool Pink
, which will contribute to sustained stabilization in cross-border capital flows, according to SAFE.
The regulator said in July that the country was seeing its most balanced forex market supply and demand in three years due to an improving economy at home and abroad as well as an intensified crackdown on irregularities.
Thursday's data also showed that the country's gold reserves rose to 77.7 billion dollars by the end of August from 75 billion dollars at the end of July.
WASHINGTON, Feb. 27 (Xinhua) -- Following are the National Basketball Association standings after Friday's games:
W L Pct GB
Toronto 37 21 .638 _
Boston 23 33 .411 13
Brooklyn 23 33 .411 13
Philadelphia 13 45 .224 24
New York 11 46 .193 25.5
W L Pct GB
Atlanta 46 12 .793 _
Washington 33 26 .559 13.5
Miami 25 32 .439 20.5
Charlotte 23 33 .411 22
Orlando 19 41 .317 28
W L Pct GB
Chicago 37 22 .627 _
Cleveland 37 23 .617 .5
Milwaukee 32 26 .552 4.5
Indiana 24 34 .414 12.5
Detroit 23 35 .397 13.5
W L Pct GB
Memphis 41 16 .719 _
Houston 40 18 .690 1.5
Dallas 39 21 .650 3.5
San Antonio 35 23 .603 6.5
New Orleans 31 27 .534 10.5
W L Pct GB
Portland 38 19 .667 _
Oklahoma City 32 27 .542 7
Utah 22 35 .386 16
Denver 20 38 .345 18.5
Minnesota 13 44 .228 25
W L Pct GB
Golden State 45 11 .804 _
L.A. Clippers 38 21 .644 8.5
Phoenix 31 28 .525 15.5
Sacramento 20 36 .357 25
L.A. Lakers 16 41 .281 29.5
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