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© Reuters. China’s foreign exchange reserves rise to $ 3.22 trillion in November
Beijing, Dec 7 (.) .- China’s foreign exchange reserves rose slightly in November by 0.15% month-on-month to $ 3.222 trillion, the State Administration of Foreign Exchange (SAFE) reported today.
By October, the figure had stood at $ 3.218 trillion.
The deputy director of SAFE and chief spokesperson of the institution, Wang Chunying, explained that the increase is due to the fact that the dollar exchange rate was favorable to the Asian country this month.
However, Wang again warned of the uncertainty that the covid poses for the global economic recovery and financial markets, although he also renewed his optimism about China’s resilience and the stability of its foreign exchange reserves in the future.
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