🤯🇨🇳 China declared more than $3.2 trillion in foreign exchange reserves
The State Administration of Foreign Exchange of the People's Republic of China said that as of the end of June, China's foreign exchange reserves were 3.2224 trillion US dollars. The management noted that this indicator decreased by 0.3% compared to the previous month under the influence of various factors, such as the monetary policy of leading economies, market expectations and macroeconomic data, fluctuations in the exchange rate of currencies and the increase in world prices for financial assets in June .
Local media citing data from the People's Bank of China also note that at the end of June, gold reserves in the country remained at the level of the end of May and amounted to 72.8 million ounces, which is equivalent to almost $170 billion.