According to the statistics by the State Administration of Foreign Exchange (SAFE), by the end of November 2023, China's foreign exchange reserves totaled USD 3171.8 billion, up by USD 70.6 billion or 2.28%, from the end of October.

In November 2023, the US dollar index fell, and global financial asset prices witnessed a widespread increase, driven by factors including global macroeconomic data in major economies, and monetary policy expectations. The combined effect of currency translation and changes in asset prices and other factors led to an increase in foreign exchange reserves. China's economy exhibits a solid and continuous recovery, great resilience, enormous potential, and vast room for maneuver, with its economic fundamentals that will sustain long-term growth remain unchanged, which will continue to support the general stability of China’s foreign exchange reserves.