According to the State Administration of Foreign Exchange (SAFE) statistics, by the end of April 2023, China’s foreign exchange reserves registered USD3.2048 trillion, up by USD20.9 billion, or 0.66%, from the end of March.

In April 2023, influenced by global macroeconomic data, monetary policies and expectations of major economies, and other factors, the US dollar index fell, while the prices of global financial assets increased in general. China’s foreign exchange reserves rose this month due to the combined effects of currency translation and asset price changes. China has made enormous efforts to foster high-quality development, and its economy has maintained growth momentum, which benefits the general stability of the foreign exchange reserves.