Global EditionASIA 中文双语Français
Home / Business / Finance

China's forex reserves fall in September

Xinhua | Updated: 2021-10-08 00:19
Share - WeChat
A teller counts and arranges dollar notes at a bank in Huaibei, Anhui province. [Photo/Sipa]

BEIJING - China's foreign exchange reserves fell to $3.2006 trillion at the end of September, down $31.5 billion from a month earlier, official data showed Thursday.

The volume went down 0.97 percent from the end of August, said the State Administration of Foreign Exchange (SAFE).

Wang Chunying, deputy director and spokesperson of the SAFE, attributed the September decline in foreign exchange reserves to the combined impact of currency translation and changes in asset prices.

Affected by factors such as the resurgence of the COVID-19 pandemic and expectations for major countries' monetary policies, the dollar index increased, said Wang, adding that weakened non-dollar currencies and the change of asset prices led to the fall of China's foreign exchange reserves.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349