App

China's forex reserves rise in April
Updated: May 7, 2023 17:22 Xinhua

BEIJING, May 7 -- China's foreign exchange reserves came in at 3.2048 trillion U.S. dollars at the end of April, up 0.66 percent from that at the end of March, the State Administration of Foreign Exchange said on Sunday.

The foreign exchange regulator attributed the rise to currency translation and asset price changes.

The U.S. dollar index fell and the prices of global financial assets climbed in April, affected by global macroeconomic data and monetary policies of major economies, the regulator said.

China's foreign exchange reserves are expected to stay generally stable as the country has been promoting high-quality development and its economy has shown a positive development trend, according to the regulator.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218