China News Service, July 7 (Xinhua) According to the State Administration of Foreign Exchange website, Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson, responded to reporters' questions about the changes in foreign exchange reserves in June 2020. Wang Chunying introduced that as of the end of June 2020, my country's foreign exchange reserves were US$3.112 trillion, an increase of US$10.6 billion from the end of May, or an increase of 0.3%.

Figure: Bank staff is counting the currency. Zhang Yunshe

  Wang Chunying said that in June, the overall supply and demand of my country's foreign exchange market remained balanced. Affected by factors such as the global epidemic of new pneumonia, the currency and fiscal stimulus policies of major countries, the dollar index in the international financial market fell slightly, and the asset prices of major countries rose. Exchange rate conversion and changes in asset prices and other factors have combined effects.

  Wang Chunying pointed out that at present, the overseas epidemic situation and the world economic situation are severe and complicated, and the international financial market has increased volatility. my country has achieved major stage results in the overall planning of epidemic prevention and control and the resumption of production and production. Various economic indicators have marginally improved, and the economic situation is gradually changing to a better direction. Looking forward, my country will unswervingly deepen reforms and expand opening up, economic growth will remain resilient, and long-term fundamentals will remain unchanged, which will help maintain the overall stability of foreign exchange reserves.