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China's foreign exchange reserves in September rose to their highest level so far this year to reach .11 trillion, marking growth for the eight straight month, as capital outflows eased thanks to the stronger renminbi, central bank data showed on Monday.

China's nighttime economy. [Image by Ma Xuejing and Jin Ding/China Daily]

China's foreign exchange reserves in August increased for the seventh consecutive month, adding evidence for a stabilizing trend of the country's cross-border capital flows.

China's economy is expected to expand by 6.7 percent in 2017, up from a previous projection of 6.5 percent in April by the bank, and growth in 2018 is projected to reach 6.4 percent compared to 6.2 percent in the bank's previous forecast.

China's economy expanded 6.8 percent year-on-year in the first quarter of 2018, above the government's annual target of around 6.5 percent.