State Administration of Foreign Exchange: As of the end of August, China's foreign exchange reserves reached 3.282 trillion US dollars, an increase of 31.8 billion US dollars compared to the end of July.

date
07/09/2024
avatar
GMT Eight
On September 7, according to statistics from the State Administration of Foreign Exchange, as of the end of August 2024, China's foreign exchange reserves amounted to 328.82 billion US dollars, an increase of 31.8 billion US dollars compared to the end of July, with a growth rate of 0.98%. In August 2024, influenced by macroeconomic data and expectations of monetary policies of major economies, the US dollar index declined, and global financial asset prices generally increased. Due to a combination of factors such as exchange rate conversions and changes in asset prices, the size of foreign exchange reserves increased during the month. China's stable economic operation and long-term positive development trend will not change, providing support for the continued basic stability of foreign exchange reserves. This article is compiled by the State Administration of Foreign Exchange and edited by GMTEight: mz.

Contact: contact@gmteight.com