Data from the People's Bank of China showed, China's foreign exchange reserves increased in May after falling a month ago.

Foreign exchange reserves rose by $6 billion to $3.101 trillion in May. Economists had forecast reserves to fall to $3.09 trillion.

Gold reserves were valued at $79.83 billion at the end of May compared to $78.35 billion in the previous month.

Gold reserves of China increased for a sixth month in a row in May.