China's Forex reserve grow for 6th straight month

China's foreign exchange reserves grew for a sixth consecutive month in July, data showed on Monday.

Forex reserves rose $24 billion to $3.081 trillion in July, compared with an increase of $3.2 billion in June.

In the first six months, China has witnessed more balanced cross-border flows, the Administration of Foreign Exchange said in an online statement.

Supported by sound economic fundamentals and a steadier yuan, companies' appetite for foreign exchange purchases have become more rational, according to the administration.