China News Service, June 7th. According to the website of the State Administration of Foreign Exchange on the 7th, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said in response to reporters that as of the end of May 2021, my country’s foreign exchange reserves amounted to 3221.8 billion U.S. dollars. This was an increase of US$23.6 billion from the end of April, an increase of 0.74%.
Data map: Bank staff count currency.
Photo by China News Agency reporter Zhang Yun
Wang Chunying said that in May 2021, the foreign exchange market will continue to operate stably, and the overall market transactions will remain rational and orderly.
In the international financial market, affected by factors such as the new crown pneumonia epidemic and vaccine progress, major countries’ monetary policies and inflation expectations, and macroeconomic data, non-US dollar currencies have generally strengthened, and the prices of major countries’ financial assets have risen.
Foreign exchange reserves are denominated in U.S. dollars, and the amount of non-U.S. currencies converted into U.S. dollars increased. Coupled with the combination of asset price changes and other factors, the scale of foreign exchange reserves increased during the month.
Wang Chunying said that the current overseas new crown pneumonia epidemic is still continuing, and the global economic and financial situation is still facing many uncertain factors.
However, this year my country's economy has continued to recover in a stable manner and the momentum for development continues to increase, which will continue to provide support for the basic stability of foreign exchange reserves.