China's foreign reserves are 3,164.6 billion US dollars
Beijing, September 7 (Reporter Ge Mengchao) The reporter learned from the State Administration of Foreign Exchange on the 7th: As of the end of August, my country’s foreign exchange reserves amounted to 3,164.6 billion U.S. dollars, an increase of 10.2 billion U.S. dollars from the end of July, an increase of 0.3%.
Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that in August, my country's foreign exchange market remained stable, and foreign exchange supply and demand were basically balanced.
In the international financial market, affected by the monetary policy expectations of major economies, macroeconomic data and other factors, non-US dollar currencies have generally risen relative to the US dollar, and asset prices have fluctuated.
The combined effect of exchange rate conversion and asset price changes has resulted in an increase in the size of foreign exchange reserves that month.
Wang Chunying said that at present, the global epidemic has not yet been fully controlled, and there are still many unstable and uncertain factors in the international economic and financial fields.
However, my country’s economy has recovered steadily and continued to develop towards a positive trend. It will continue to promote deeper reforms, implement a higher level of opening up, and accelerate the formation of a new development pattern with a major domestic cycle as the main body and a dual domestic and international cycle that promotes each other. It will continue to support the scale of foreign exchange reserves. Overall stable.