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China's foreign exchange reserves will basically remain stable given the stabilizing economic growth prospects and the yuan's exchange rate, the central bank said on Friday.
China's commercial banks had net sales of .9 billion in foreign exchange in the first quarter, down from 4.8 billion in net sales in the first quarter of 2016, Wang said.
China's economic and financial risks are on the whole manageable, supported by sound economic fundamentals and sufficient policy tools, senior officials and analysts said on Monday.
China's ongoing supply-side structural reform has led to reduced production capacities and rising prices in steel, nonferrous metals and some other products. Prices of commodities futures, such as steel rebar, started to rise in June through early this month, contributing to corporate profits.
China's mobile phone shipments reversed the downtrend over the past five consecutive months, surging 6.7 percent year-on-year in April and amounting to 36.53 million units, according to data from the China Academy of Information and Communications Technology.
来源：资阳报