Since the "14th Five-Year Plan", China's foreign exchange reserves have remained stable at over 3 trillion US dollars.
Zhu Hexin, Vice Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, introduced at the press conference on the theme of "High-quality Completion of the 14th Five-Year Plan" held by the State Council Information Office on September 22. Since the 14th Five-Year Plan, China's foreign exchange reserves have remained stable at above $3 trillion, surpassing $3.2 trillion in the past two years. The State Administration of Foreign Exchange has continued to manage foreign exchange reserves effectively, ensuring asset security, liquidity, and value preservation and appreciation. Foreign exchange reserves have played an important role as a "stabilizer" and "ballast" for the national economy and finance.
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