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China Daily Global / 2021-04 / 08 / Page008

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China Daily Global | Updated: 2021-04-08 00:00

China's forex reserves fall in March

China's foreign exchange reserves shrank to $3.17 trillion at the end of March from $3.205 trillion at the end of February, official data showed on Wednesday. The amount fell by $35 billion, or 1.09 percent, according to the State Administration of Foreign Exchange. In March, China's forex market functioned stably with supply and demand of foreign exchange basically in balance, said the SAFE.

Vehicle registrations rise in first quarter

The number of newly registered motor vehicles reached 9.66 million during the first quarter of this year in China, a record for the same period in any year, the Ministry of Public Security said. With this the total number of motor vehicles in China rose to 378 million by the end of March, including 287 million cars, according to data released by the ministry.

Cloud gaming sector to see expansion

The revenue of China's cloud gaming market is expected to see a compound annual growth rate of 135 percent from 2020 to 2023, according to an industry report. The estimated revenue growth will be significantly higher than the global average of 101 percent, making China one of the leading potential markets for cloud games, according to the report jointly released by the Tencent Research Institute and Newzoo, a global games and esports analytics provider.

Xinhua

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