State Administration of Foreign Exchange: As of the end of February, China's foreign exchange reserves reached 34,278 billion USD, an increase of 0.85% month-on-month.

On March 7, according to data released by the State Administration of Foreign Exchange, as of the end of February, China's foreign exchange reserves stood at 34,278 billion USD, an increase of 28.7 billion USD from the end of January, with a growth rate of 0.85%.

Regarding the rise in reserve scale, the Foreign Exchange Bureau explained that in February, influenced by macroeconomic data, monetary policies, and market expectations in major economies, the US dollar index rose, and prices of major global financial assets fluctuated.

Meanwhile, due to the combined effects of exchange rate conversion, asset price volatility, and other factors, China's foreign exchange reserves also saw significant growth that month.

The Foreign Exchange Bureau pointed out that China's economy continues to maintain a development trend of "steady progress with new and improved momentum," and the long-term positive fundamentals and supporting conditions remain unchanged. This solid economic foundation will also provide strong support for the basic stability of foreign exchange reserves.

#外汇储备 #Economic Data