Saturday 7 January 2023 – 1.25pm
BEIJING, January 7 / WAM / China’s foreign exchange reserves surged to $3.128 trillion last December, compared to
$3.117 trillion in November 2022.
China’s National Foreign Exchange Commission, which released the data, attributed the rise in foreign exchange reserves to the combined effect of currency conversion and asset price changes, and expects China’s foreign exchange reserves to remain broadly stable.
The value of China’s gold reserves rose to $117.24 billion at the end of December from $111.65 billion at the end of November.
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Emad Al-Ali
