14 Hrs
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الاقتصادية
China's FX reserves rise to $3.44T
China's foreign exchange reserves increased in May by more than expected, reaching $3.442 trillion by the end of the month, compared to $3.411 trillion in April. This growth reflects stability in external assets despite fluctuations in global currency markets, as the Chinese yuan rose by 0.95% against the dollar, while the dollar gained 0.85% on the major currencies index. The data indicate the strength of China's external financial position and its role in supporting the stability of the local currency and financial markets.
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