At the end of January this year, China's foreign exchange (forex) reserves were worth $3.2193 trillion, down by $18.7 billion, or 0.58 per cent, month on month, according to data released recently by the State Administration of Foreign Exchange (SAFE).The decrease was primarily due to developments like a rise in the US dollar index and mixed global financial asset prices, SAFE said in a statement.
China's foreign exchange reserves were worth $3.2193 trillion at the end of January this year—down by $18.7 billion, or 0.58 per cent, month on month, according to data released recently by the State Administration of Foreign Exchange. The decrease was primarily due to developments like a rise in the US dollar index and mixed global financial asset prices.
Factors like stable production and booming holiday consumption have kept Chinese economic operations stable in general, a state-controlled media outlet reported.
Fibre2Fashion News Desk (DS)
