Beijing: China’s total foreign exchange reserves rose to approximately USD 3.23 trillion at the end of February, marking an increase of USD 18.2 billion, or 0.57 percent, compared to the end of January.
According to Qatar News Agency, the State Administration of Foreign Exchange (SAFE) released a statement on Saturday, noting that the US Dollar index declined last month. This development occurred alongside mixed trends in global financial asset prices, which were influenced by macroeconomic policies, data from major economies, as well as monetary policies and expectations of major central banks.
The Administration attributed the rise in foreign exchange reserves to several contributing factors, including currency conversion and changes in asset prices.