According to the Chinese government, there was a drop of US$63.5 billion, or 1.94%, compared to the end of last November
China’s foreign exchange reserves totaled US$3.2024 trillion at the end of December 2024, a drop of US$63.5 billion, or 1.94%, compared with the end of last November, official data showed on Tuesday (7.Jan.2025).
The State Administration of Foreign Exchange said in a statement that the U.S. dollar index rose and global financial asset prices fell last month on expectations of monetary policy and macroeconomic data from major economies.
Because of the combined effects of factors such as currency conversion and changes in asset prices, China’s foreign exchange reserves shrank last December, according to the statement.
According to the government, the Chinese economy has maintained stable operation and recorded steady growth, ensuring the overall stability of reserves.
With information from .
