China's foreign exchange reserves reached $3.232 trillion in May, a 0.98% increase.
China's foreign exchange reserves increased by 0.98% in May, reaching $3.232 trillion, according to the State Administration of Foreign Exchange. This growth was attributed to currency translation and asset price changes, with the U.S. dollar index falling and global financial asset prices rising. The increase surpassed the $20 billion increase predicted by economists in a Wall Street Journal poll.
June 07, 2024
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