share
 

China's foreign exchange reserves fall to $3.2 trillion in April

0 Comment(s)Print E-mail Xinhua, May 8, 2024
Adjust font size:

China's foreign exchange reserves fell to 3.2 trillion U.S. dollars at the end of April, down 1.38 percent from the end of March, the State Administration of Foreign Exchange said on Tuesday.

The country's foreign exchange regulator attributed this decrease to the combined impact of currency translation and asset price changes.

The U.S. dollar index rose and the prices of global financial assets declined last month, affected by the monetary policy expectations of major economies and their macroeconomic data, the regulator said.

China's economy has a solid foundation, strong resilience and huge potential, which is conducive to maintaining the stable scale of its forex reserves, the regulator added.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter