China's forex reserves rise in July

BEIJING, Aug. 7 (Xinhua) -- China's foreign exchange reserves rose 5.8 billion U.S. dollars, or 0.19 percent, from a month earlier to 3.1179 trillion dollars at the end of July, the central bank said Tuesday.

The increase followed a month-on-month rise of about 1.5 billion dollars in June, according to data from the People's Bank of China (PBOC).

According to the PBOC data, China's gold reserves at the end of July remained unchanged at 59.24 million ounces, with a value of 72.32 billion dollars, down from about 74.07 billion dollars at the end of June.