Doha: China’s foreign exchange reserves rose to $3.2817 trillion at the end of April, marking an increase of $41 billion, or 1.27 percent, compared to the end of March, as reported by the State Administration of Foreign Exchange (SAFE).
According to Qatar News Agency, a statement from SAFE attributes the rise in foreign exchange reserves to the combined effects of currency exchange rates and changes in asset prices. The report by Xinhua news agency highlighted these factors as significant contributors to the observed increase in April.
The statement further noted that the resilience and vitality of the Chinese economy played a role in maintaining the stability of the country’s foreign exchange reserves.