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BEIJING nike air presto white uk , Nov. 7 (Xinhua) -- China's forex reserves rose for the ninth month in a row in October as pressure of capital outflow continued to ease, data from the central bank showed Tuesday.


Forex reserves had amounted to 3.1092 trillion U.S. dollars by the end of October, up 703 million dollars from a month earlier, according to the People's Bank of China nike air presto black uk , the central bank.


Although slightly below market forecasts, it is the first time the reserves have expanded for so long since June 2014.


In an online statement, the State Administration of Foreign Exchange (SAFE) attributed the rise to stable cross-border capital flows and balanced supply-demand in the foreign exchange market.


Climbing asset prices in the global financial market also pushed up the stockpile, the statement added.


There had been concerns over capital flowing out of China in the second half of 2016 nike air presto essential uk , when the economy was under pressure and the yuan was in the middle of a losing streak against the U.S. dollar.


In January, China's foreign exchange reserves fell below 3 trillion U.S. dollars, but as the economy is on a firmer footing and the yuan continues to stabilize, the stockpile has increased steadily since February.


China's economy expanded 6.9 percent year on year in the first three quarters nike presto ultra flyknit mens uk , above the government target of 6.5 percent for 2017.


The stabilizing growth and improved economic structure have led to more balanced cross-border capital flows, the SAFE noted.


The SAFE said the foundation for balanced flows will become more solid as confidence in China's economy builds