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China’s Foreign Exchange Reserves Climb to $3.3 Trillion in September

Beijing: China's foreign exchange reserves rose to $3.3387 trillion at the end of last September, an increase of $16.5 billion, or 0.5%, from August. According to Yemen News Agency, the Xinhua News Agency quoted the China State Administration of Foreign Exchange as saying that the increase was due to the combined impact of currency exchange rates and changes in asset prices. The agency reported that the US dollar index experienced slight fluctuations in September, while financial asset prices generally rose. It further noted that China remains well positioned to maintain the overall stability of its foreign exchange reserves, supported by its stable economy.