China’s foreign exchange reserves climbed to $3.316 trillion in September, marking a $28.2 billion jump compared to August, according to new data released Monday. 💵 Analysts point to shifting global monetary policies and a dip in the U.S. dollar index as key drivers behind the growth.
🌐 The State Administration of Foreign Exchange (SAFE) noted that rising asset prices worldwide and China’s booming export sector — fueled by innovations like cross-border e-commerce and overseas warehousing — are stabilizing cross-border capital flows. ‘These trade formats are game-changers,’ said Wen Bin, chief economist at China Minsheng Bank, highlighting the role of the Belt and Road Initiative in boosting competitiveness.
📊 Market confidence is also soaring thanks to recent policy moves in real estate, currency, and capital markets. International investors are doubling down on Chinese assets, creating a solid foundation for forex stability. Wen added, ‘It’s a win-win between innovation and investor trust.’ 💼
