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Gold reserves rose in June
Updated: Jul 7, 2023
By Zhou Lanxu
chinadaily.com.cn
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China's foreign exchange reserves rose to $3.19 trillion (23.75 trillion yuan) by the end of June as the US dollar weakened while global financial markets mixed, the State Administration of Foreign Exchange said on Friday.
The amount marked an increase of $16.5 billion or 0.52 percent compared with the end of May, SAFE said in a statement.
Meanwhile, China's gold reserves rose to 67.95 million ounces at the end of June, up from 67.27 million ounces a month earlier, marking the eighth consecutive month of rise, according to SAFE.
The administration added that China's economic recovery and high-quality development progress will help the country's foreign exchange reserves remain generally stable going forward.
