China's foreign exchange reserves reached $3.2882 trillion in August, up 0.98% from July.
China's foreign exchange reserves rose to $3.2882 trillion in August, marking a 0.98% increase of $31.8 billion from July. This is the ninth month the reserves have stayed above $3.2 trillion. The rise is attributed to a decline in the U.S. dollar index and increases in global asset prices. The State Administration of Foreign Exchange noted that China's stable economic operations support this ongoing stability in reserves.
September 07, 2024
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