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Forex reserves surge to $3.10 trillion in July

China's foreign exchange reserves stood at $3.10 trillion by the end of July, rose by $31 billion from the beginning of this year, or up by 1 percent, according to data from the central bank on Wednesday. The international trade and major central banks' monetary policies weakened some major currencies against the US dollar in July. The global bond index has increased. These factors influenced the exchange rates and asset prices, which resulted in the changes of forex reserves, said Wang Chunying, a spokeswoman of the State Administration of Foreign Exchange.