China's foreign exchange (forex) reserves totaled $3.201 trillion as of the end of April, down by $44.8 billion, or 1.38 percent, from the end of March, according to data released on Tuesday by the State Administration of Foreign Exchange (SAFE). The largely stable results, announced as some Asian countries posted the largest declines in their forex reserves in months, underscored the general stability of China's forex reserves, which are supported by the strong fundamentals of the Chinese economy and the resilience of its recovery. In February and March, China's forex reserves continued to rise for two consecutive ... (full story)
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2024-05-08 07:01:00Z
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