Beijing: China’s foreign exchange reserves reached US$3.3387 trillion at the end of September, marking an increase of US$16.5 billion, or 0.5 percent, compared with the end of August, official data showed Tuesday.
According to Emirates News Agency, the State Administration of Foreign Exchange attributed the growth to the combined effects of currency translation and changes in asset prices. The administration noted that the US dollar index recorded mild fluctuations in September, while global financial asset prices generally rose.
The administration highlighted that supported by stable economic performance, China remains well positioned to maintain the overall stability of its foreign exchange reserves.