For 5 consecutive months, the scale of foreign exchange reserves of more than US$3.2 trillion has remained stable on the whole_China

Original title: For 5 consecutive months, the scale of foreign exchange reserves of more than 3.2 trillion US dollars remained stable overall

Economic Daily, Beijing, October 7 (Reporter Yao Jin) According to data released by the State Administration of Foreign Exchange on the 7th, as of the end of September, the scale of my country’s foreign exchange reserves was US$3206 billion, a decrease of US$31.5 billion from the end of August, a decrease of 0.97%. So far, the scale of foreign exchange reserves has been above US$3.2 trillion for five consecutive months, and has remained stable overall.

In September, my country’s foreign exchange market was operating smoothly, and foreign exchange transactions were rational and orderly. Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that in the international financial market, affected by the new crown pneumonia epidemic and the monetary policy expectations of major countries, the US dollar index has risen and the prices of major countries’ financial assets have generally fallen. Foreign exchange reserves are denominated in U.S. dollars, and the amount of non-U.S. currencies converted into U.S. dollars decreases. Together with changes in asset prices and other factors, the scale of foreign exchange reserves decreased during the month.

“my country’s economic fundamentals continue to improve and have a long-term stable basis. The reduction in the scale of foreign exchange reserves in September was mainly caused by valuation factors.” Wen Bin, chief researcher of China Minsheng Bank, said that my country’s economy will continue to maintain a steady and positive recovery. In view of the situation, macroeconomic policies should strengthen cross-cycle control, and the scale of foreign exchange reserves in the next stage has the basis for maintaining stability. At the same time, we must be prepared to deal with various risk shocks.Return to Sohu to see more