State Administration of Foreign Exchange: As of the end of February, China's foreign exchange reserves reached $322.58 billion, an increase of 0.20% compared to the previous month.

date
07/03/2024
avatar
GMT Eight
On March 7th, the State Administration of Foreign Exchange released statistics showing that as of the end of February 2024, China's foreign exchange reserves stood at $322.58 billion, an increase of $6.5 billion from the end of January, representing a growth of 0.20%. In February 2024, influenced by macroeconomic data from major economies and expectations of monetary policy, the US Dollar Index rose and global financial asset prices fluctuated. Due to a combination of factors such as exchange rate conversion and changes in asset prices, the size of foreign exchange reserves increased during the month. China's economy remains resilient, with great potential and vitality, and the long-term positive trend of the economy will continue to be strengthened, which is beneficial for maintaining the basic stability of foreign exchange reserves. This article is selected from the official website of the State Administration of Foreign Exchange; Editor: Chen Wenfang.

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