According to the statistics by the State Administration of Foreign Exchange (SAFE), by the end of April 2024, China’s foreign exchange reserves totaled USD 3.2008 trillion, down by USD 44.8 billion or 1.38% from March 2024.

In April 2024, the US dollar index rose, while global financial asset prices witnessed a widespread fall, influenced by factors such as monetary policy expectations and macroeconomic data in major economies. China’s foreign exchange reserves decreased this month due to the combined effect of currency translation and changes in asset prices. China’s economy has a solid foundation, numerous advantages, great resilience, and enormous potential, which will continue to support the general stability of China’s foreign exchange reserves.