At the end of June, the scale of China's foreign exchange reserves was 3112.3 billion US dollars
DATE：
Nov 30,2022
By the end of June 2020, the scale of China's foreign exchange reserves was 3112.3 billion US dollars, an increase of 10.6 billion US dollars or 0.3% over the end of May. "Exchange rate translation, asset price changes and other factors combined to increase the scale of foreign exchange reserves in the month." Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesman, said that in June, the US dollar index fell slightly in the international financial market, asset prices of major countries rose, and the supply and demand of China's foreign exchange market remained balanced. Wang Chunying said that China's current various economic indicators have marginal
By the end of June 2020, the scale of China's foreign exchange reserves was 3112.3 billion US dollars, an increase of 10.6 billion US dollars or 0.3% over the end of May. "Exchange rate translation, asset price changes and other factors combined to increase the scale of foreign exchange reserves in the month." Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesman, said that in June, the US dollar index fell slightly in the international financial market, asset prices of major countries rose, and the supply and demand of China's foreign exchange market remained balanced. Wang Chunying said that China's current various economic indicators have marginal improvement, and the economic situation is gradually changing to a better direction. Looking ahead, China will unswervingly deepen reform and expand opening up. Economic growth will remain resilient. The long-term fundamentals remain unchanged, which is conducive to the overall stability of the scale of foreign exchange reserves.
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