China News Service, March 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, answered reporters' questions on the changes in the scale of foreign exchange reserves in February 2021.
Wang Chunying introduced that as of the end of February 2021, my country's foreign exchange reserves were US$320.5 billion, a decrease of US$5.7 billion or 0.18% from the end of January.
Data map: Bank staff is counting currency.
Photo by China News Agency reporter Zhang Yun
Wang Chunying pointed out that in February 2021, my country's foreign exchange market will operate stably and market expectations will become more rational.
In the international financial market, affected by factors such as the progress of the new crown pneumonia vaccine, major national fiscal policies and inflation expectations, the US dollar index rose, and the bond asset prices of major countries fell.
The combined effect of factors such as exchange rate conversion and asset price changes resulted in a slight decrease in the scale of foreign exchange reserves that month.
Wang Chunying said that looking forward to the future, the global epidemic prevention and control and economic recovery are still facing more uncertainties, and the international financial market is highly volatile.
However, my country will better coordinate epidemic prevention and control and economic and social development, and maintain a basic balance of international payments, which is conducive to the basic stability of foreign exchange reserves.