China's foreign exchange reserves stood at a whopping $3.2224 trillion at the end of June 2024, according to official data released on Sunday. 📊
However, this impressive figure saw a slight dip of 0.3% compared to May, as reported by the State Administration of Foreign Exchange (SAFE). The slight decrease is attributed to currency translation effects and changes in asset prices. 💱📉
Despite the small shrinkage, China continues to maintain one of the largest foreign exchange reserves in the world, reflecting its strong position in the global economy. Stay tuned to NewspaperAmigo.com for more updates on global economic trends! 🌍💬✨
Reference(s):
cgtn.com