China’s foreign exchange reserves rise in September
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
China’s foreign exchange reserves totaled 3.3387 trillion U.S. dollars at the end of September, up by 16.5 billion U.S. dollars, or 0.5 percent, compared to the end of August, official data showed Tuesday.
The State Administration of Foreign Exchange attributed the increase to the combined impact of currency translation and changes in asset prices.
In September, the U.S. dollar index experienced mild fluctuations, while global financial asset prices generally rose, said the administration.
Supported by a steady economy, China remains well-positioned to maintain the overall stability of its foreign exchange reserves, according to the administration.
Reference Link:- https://english.news.cn/20251007/59f3234785df467aae867ed35e4c8b01/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
