Economy

At the end of January 2022, the scale of China's foreign exchange reserves was 322.16 billion US dollars

2022-02-08   

According to data released by the State Administration of foreign exchange on the 7th, by the end of January 2022, China's foreign exchange reserves had reached 322.16 billion US dollars, a decrease of 28.5 billion US dollars or 0.88% compared with the end of 2021. Wang Chunying, deputy director of the State Administration of foreign exchange and spokesman, introduced that in January 2022, the operation of the foreign exchange market generally continued to be stable, and the domestic foreign exchange supply and demand showed a basic balance. In the international financial market, the US dollar index rose and the global financial asset price fell as a whole. "Foreign exchange reserves are denominated in US dollars, and the amount of non US dollar currencies reduced after being converted into US dollars. Combined with the changes of asset prices and other factors, the scale of foreign exchange reserves decreased in the current month". (Xinhua News Agency)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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