China Forex Market
Chinese forex market turnover remains down in May
China's foreign exchange market saw a turnover of 15.95 trillion yuan (about 2.38 trillion U.S. dollars) in May, which is significantly down from 17.14 trillion yuan in April, revealed official data released on Friday.
Specifically, the turnover of forex transactions between banks and their clients totaled 3.17 trillion yuan, while that of interbank forex transactions stood at 12.78 trillion yuan, according to the State Administration of Foreign Exchange as quoted by Xinhua news agency.
Data showed the country's forex market turnover totaled 90.76 trillion yuan in the first five months of the year.
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