China's forex reserves increase to $3.238 trillion, according to data.

China's forex reserves reached 3.238 trillion U.S. dollars as of December 2023, a 2.1% increase from November, according to the State Administration of Foreign Exchange (SAFE). The increase is attributed to factors such as currency translation and changes in asset prices. The SAFE also noted that the Chinese economy is improving due to high-quality development, which will support the stability of the nation's foreign exchange reserves.

January 07, 2024
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