(Yicai Global) July 17 -- China's foreign exchange reserves widened for the third consecutive month last month, mainly because of exchange rates and price fluctuations, according to the deputy chief of the State Administration of Foreign Exchange.

The country added USD10.6 billion to its reserves from late May, Wang Chunying said today. By the end of June, such reserves had climbed 4.4 percent to USD3.11 trillion from the end of 2019.

China's ability to withstand adverse external impacts has improved with generally stable cross-border capital flows and balanced foreign currency supply and demand, Wang added.

Editor: Emmi Laine