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SITEMAP
Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
China's foreign exchange reserves stood at $3.2224 trillion at the end of June 2024, official data showed Sunday.
The amount shrank by 0.3 percent compared with the previous month, the State Administration of Foreign Exchange (SAFE) said, attributing the decrease to the combined impact of currency translation and asset price changes.
A businessman piles up coins. /CFP
Affected by various factors such as major economies' monetary policies, market expectations and macroeconomic data, the U.S. dollar index and global financial asset prices climbed in June, the SAFE explained.
The Chinese economy has sustained its recovery momentum and continued its high-quality development, which is conducive to maintaining the stable scale of the country's foreign exchange reserves, the regulator said.
Gold bar/ CFP
According to data released Sunday by the People's Bank of China, the country's gold reserves remained unchanged in June at 72.8 million ounces, equivalent to about $169.7 billion.