The country's banks returned to a surplus in forex transactions after recording a deficit for two months in June and July, according to the State Administration of Foreign Exchange.
    
Banks purchased forex worth USD 147.9 billion last month while selling a total of USD 139.5 billion, creating a surplus of USD 8.3 billion.

Foreign exchange transactions are a major cause of fluctuation in China's foreign exchange reserves and the August surplus indicates a slowing outflow of foreign capital.
    
In the January-August period, forex purchases stood at USD 1.21 trillion, with sales of USD 1.07 trillion, a surplus of USD 139.8 billion.

China's overall foreign exchange reserves were stated to be around USD 3.3 trillion.

(Agencies)

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