What they say

The Chinese economy has entered the stage of the new normal; its growth is impressive and still moving up. Both its structure and quality are improving.

China's foreign exchange reserves are like a reservoir, and there is water flowing in from the upstream and flowing out to the downstream. The reserves cannot increase permanently, and they will decrease after they reach the inflection point. Many factors have caused China's decreasing foreign exchange reserves, and there's no need to worry about China's external payment ability.

Zhou Xiaochuan, People's Bank of China Governor