China’s foreign exchange reserves up 0.93 pct month-on-month
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
BEIJING, June 7 (Xinhua) — China’s foreign exchange reserves totaled 3.4422 trillion U.S. dollars at the end of May 2026, up by 31.7 billion, or 0.93 percent, from the end of April, official data showed Sunday.
In May, affected by factors including the global macroeconomic environment and monetary policy outlooks of major economies, the U.S. dollar index rose, while prices of major global financial assets saw overall growth, the State Administration of Foreign Exchange said in a statement.
The combined effect of factors such as foreign exchange translation and changes in asset prices drove the rise of the foreign exchange reserve size in May, it said.
China’s economy is maintaining a momentum of steady growth, showing solid progress in advancing high-quality development, which underpins the overall stability of the country’s foreign exchange reserve size, it noted.
Reference Link:- https://english.news.cn/20260607/6cb90087a68d403ab689236844d7fa49/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.…
