According to the statistics of the State Administration of Foreign Exchange (SAFE), by the end of November 2022, China’s foreign exchange reserves stood at USD 3.1175 trillion, up by USD 65.1 billion, or 2.13%, from the end of October.

In November 2022, influenced by the global macroeconomic data, the monetary policy expectations of major economies and other factors, the US dollar index fell and the prices of global financial assets climbed. China’s foreign exchange reserves rose this month due to the combined effects of currency translation and asset price changes. China continues to promote the implementation of a package of policies to stabilize the economy with subsequent measures coming into full force, and with China’s economy showing a recovery and upward trend, which will support the overall stability of the foreign exchange reserves.