BEIJING: China’s forex reserves totaled 3.2457 trillion dollars as of the end of March, rising by 19.8 billion dollars, or 0.62%, from the end of February, data released by the State Administration of Foreign Exchange (SAFE) on Sunday revealed.
The increase was resulted by factors including exchange rate fluctuations and rising asset rates, according to the SAFE.
In a statement, the SAFE said that China’s economy was showing signs of recovery and steady progress, offering support for maintaining the country’s stable foreign exchange reserves.
People’s Bank of China Data
While People’s Bank of China, the country’s central bank, also released data revealing that China’s gold reserves at the end of March reached 72.74 million ounces, up from 72.58 million ounces at the end of February, marking the seventeenth consecutive month with soaring gold reserves.
