According to the statistics of the State Administration of Foreign Exchange (SAFE), by the end of December 2022, China’s foreign exchange reserves registered USD 3.1277 trillion, up by USD 10.2 billion, or 0.33%, from the end of November.

In December 2022, influenced by monetary policies and expectations of major economies, global macroeconomic data, and other factors, the US dollar index fell, and the prices of global financial assets declined in general. China’s foreign exchange reserves rose this month due to the combined effects of currency translation and asset price changes. China maintained strong resilience, great potential, and full of vitality in economy with its sound long-term economic fundamentals unchanged, which will support the overall stability of the foreign exchange reserves.