According to the statistics by the State Administration of Foreign Exchange (SAFE), by the end of March 2025, China's foreign exchange reserves totaled USD 3.2407 trillion, up by USD 13.4 billion or 0.42% from the end of February 2025.
In March 2025, driven by factors such as macroeconomic data, fiscal and monetary policies as well as expectations of major economies, the US dollar index fell and global financial asset prices generally declined. China’s foreign exchange reserves increased this month due to the combined effects of currency translation and changes in asset prices. China’s economy has maintained overall stability with steady progress, a package of existing and incremental policies has cotinued to demonstrate effectiveness, and high-quality development has been solidly advanced, providing support for sustaining a stable scale of foreign exchange reserves.