Published: 20:34, March 7, 2024 | Updated: 20:41, March 7, 2024
China's forex reserves rise to $3.2258t
By Xinhua

This undated file photo shows a worker counting banknotes of Chinese currency Renminbi at a bank in Linyi, east China's Shandong province. (ZHANG CHUNLEI / XINHUA)

BEIJING – China's forex reserves totaled $3.2258 trillion as of the end of February, marking an increase of $6.5 billion, or 0.2 percent, compared to the end of January, according to data released on Thursday by the State Administration of Foreign Exchange.

Affected by factors such as macroeconomic data and expectations of monetary policies of major economies, the dollar index increased while global financial asset prices were mixed, the SAFE said in a statement.

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It attributed the increase in the scale of the country's foreign exchange reserves to the combined effects of currency translation and changes in asset prices and other factors.

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The Chinese economy will continue to pick up, which is conducive to keeping the scale of foreign exchange reserves generally stable, said the SAFE.