China's foreign exchange reserves dropped by $63.5 billion in 2024, exceeding forecasts.

China's foreign exchange reserves fell by $63.5 billion to $3.2024 trillion at the end of 2024, surpassing economists' expectations. The decline is linked to a stronger U.S. dollar and falling global financial assets. Despite this, the Chinese economy has shown signs of stability and steady growth, and officials expect the reserves to remain stable moving forward.

3 months ago
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