Briefly

Foreign exchange reserves up 0.93%

China's foreign exchange reserves totaled $3.4422 trillion at the end of May, up by 31.7 billion, or 0.93 percent, from the end of April, official data showed. In May, affected by factors including the global macroeconomic environment and monetary policy outlooks of major economies, the US dollar index rose, while prices of major global financial assets saw overall growth, the State Administration of Foreign Exchange said in a statement. The combined effect of factors such as foreign exchange translation and changes in asset prices drove the rise of the foreign exchange reserve size in May, it said.

Service trade grows in first four months

China's services trade expanded 4.9 percent year-on-year in the first four months of 2026, with exports of travel and knowledge-intensive services reporting particularly strong growth, according to data released by the Ministry of Commerce. The total value of services imports and exports reached nearly 2.49 trillion yuan ($364.65 billion) from January to April this year, according to the data.

XINHUA-CHINA DAILY