© Reuters. Chinese foreign exchange reserves rose 0.86% in December
Shanghai (China), Jan 7 (.) .- Chinese foreign currency reserves rose 0.86% month-on-month in December to $ 3.2502 trillion, the State Administration of Foreign Exchange (SAFE) reported today.
In November, the figure had been placed at 3.2224 trillion dollars, so the advance was 27.800 million dollars.
This means that, throughout 2021, China’s foreign exchange reserves expanded by 1.05%, since they closed the previous year at 3.2165 trillion dollars.
The deputy director of the SAFE and chief spokesperson of the institution, Wang Chunying, explained that the advance in December was due to the contraction of the economy due to factors such as the advance of the covid-19 pandemic or the expectations about monetary policy of the main global economic powers.
However, the spokesperson warned that international financial markets “still face many factors of uncertainty and instability”, although she showed confidence in the resistance of the Chinese economy and that foreign exchange reserves maintain a “general stability” in the future.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.