According to the statistics by the State Administration of Foreign Exchange (SAFE), by the end of July 2024, China's foreign exchange reserves totaled USD 3.2564 trillion, up by USD 34.0 billion or 1.06% from June 2024.

In July 2024, the US dollar index fell, while global financial asset prices generally rose, influenced by factors such as macroeconomic data, monetary policies and expectations in major economies. China's foreign exchange reserves increased this month due to the combined effects of currency translation and changes in asset prices. China achieved a stable performance while securing progress in its economic development with continued momentum for economic recovery, which is conducive to the sustained basic stability of the scale of foreign exchange reserves.