According to the statistics by the State Administration of Foreign Exchange (SAFE), by the end of January 2025, China’s foreign exchange reserves totaled USD 3.2090 trillion, up by USD 6.7 billion or 0.21% from the end of December 2024.

In January 2025, the US dollar index fell, driven by the monetary policies and expectations of major central banks, along with macroeconomic data, while global financial asset prices saw an overall increase. China’s foreign exchange reserves increased this month due to the combined effects of currency translation and changes in asset prices. The fundamentals of China’s economy that will sustain long-term growth remain unchanged, which will support the sustained basic stability of the scale of foreign exchange reserves.