The State Administration of Foreign Exchange of China: The Economic Recovery is Obviously Improving, Which is Conducive to Maintaining the Basic Stability of the Scale of Foreign Exchange Reserves

Statistics from the State Administration of Foreign Exchange of China show that as of the end of June 2023, the national foreign exchange reserves will be US$3,193 billion, an increase of US$16.5 billion or 0.52% from the end of May.
In June 2023, affected by the monetary policies and expectations of major economies, global macroeconomic data and other factors, the U.S. dollar index fell, and global financial asset prices rose and fell.
Due to the combined effects of exchange rate conversion and asset price changes, the scale of foreign exchange reserves increased that month.
The economic recovery is clearly improving, and high-quality development is steadily advancing, which is conducive to maintaining the basic stability of the scale of foreign exchange reserves.