According to the statistics by the State Administration of Foreign Exchange (SAFE), by the end of July 2025, China's foreign exchange reserves totaled USD 3.2922 trillion, down by USD 25.2 billion or 0.76% from the end of June 2025.

In July 2025, driven by factors such as macroeconomic data, monetary policies, and expectations of major economies, the US dollar index increased, and global financial asset prices exhibited mixed performance. China’s foreign exchange reserves decreased this month due to the combined effects of currency translation and changes in asset prices. China’s economy is underpinned by a stable foundation, multiple advantages, strong resilience, and great potential. The fundamentals sustaining China’s long-term growth remain unchanged, which will support the sustained basic stability of the scale of foreign exchange reserves.