China News Service, February 7th. According to the website of the State Administration of Foreign Exchange, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, stated on the 7th that as of the end of January 2021, my country’s foreign exchange reserves amounted to US$3210.7 billion, compared with December 2020 At the end of the month, it fell by US$5.9 billion, or 0.2%.
Wang Chunying said that in January 2021, my country's foreign exchange market will operate stably, and market expectations and transactions will remain stable.
In the international financial market, affected by the progress of the new crown pneumonia vaccine, the monetary and fiscal policy expectations of major countries, the US dollar index has risen, and the prices of major countries' financial assets have generally fallen.
Foreign exchange reserves are denominated in U.S. dollars, and the amount of non- U.S. currencies converted into U.S. dollars decreased. Coupled with the combined effect of asset price changes and other factors, the scale of foreign exchange reserves decreased during the month.
Wang Chunying pointed out that looking ahead, the changes in the new crown pneumonia epidemic and the external environment are still facing more uncertainties, the foundation for the global economic recovery is not yet solid, and the international financial market may become more volatile.
However, the fundamentals of my country's long-term economic improvement have not changed, and the international balance of payments will continue to be basically balanced, which will help maintain the basic stability of foreign exchange reserves.