According to the statistics of the State Administration of Foreign Exchange (SAFE), by the end of February 2023, China’s foreign exchange reserves registered USD 3.1332 trillion, down by USD 51.3 billion, or 1.61%, from the end of January.

In February 2023, influenced by global macroeconomic data, expectations on monetary policies of major economies, and other factors, the US dollar index rose, and the prices of global financial assets declined in general. China’s foreign exchange reserves declined this month due to the combined effects of currency translation and asset price changes. China has made great efforts to promote steady economic recovery and high-quality development, and the Chinese economy has great potential and development momentum, which is conducive to keeping foreign exchange reserves basically stable.