China's Foreign Exchange Reserve in September Exceeds $3 Trillion

China's Foreign Exchange Reserve in September Exceeds $3 Trillion
China's Foreign Exchange Reserve in September Exceeds $3 Trillion

According to the latest data provided by China's State Foreign Exchange Administration, at the end of September, China's foreign exchange reserves amounted to 3 trillion 29 billion US dollars. China's cross-border capital flows are generally stable and domestic foreign exchange supply and demand are balanced.

China State Exchange Administration SözcüAs the international financial market is affected by the monetary and fiscal policies of the main countries, macroeconomic data and other factors, Wang Chunying noted that the US dollar index continues to rise and global financial asset prices have fallen sharply.

Wang Chunying pointed out that the scale of foreign exchange reserves decreased slightly in September due to exchange rate conversion and changes in asset prices. “The strong economic resilience of the Chinese economy, its great potential, wide room for maneuver, and the long-term progress of the economy will not fundamentally change,” Wang said. These issues will contribute positively to the preservation of the scale of foreign exchange reserves.

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