China’s foreign exchange market flexed serious muscle in the first nine months of 2023, hitting a jaw-dropping $30.27 trillion in transactions—a 10.1% jump compared to last year. 💥 The State Administration of Foreign Exchange (SAFE) dropped the stats Tuesday, highlighting the economy’s 'strong resilience' amid global turbulence.
📊 With cross-border capital flows staying balanced, experts say this growth reflects China’s stabilizing role in shaky global markets. Think of it like the K-drama of finance: unpredictable twists, but everyone’s still tuning in. 🎬
SAFE emphasized that smart policy moves and investor confidence are key drivers, even as other major economies grapple with inflation and slowdowns. For young pros eyeing Asian markets? This could be your signal to level up. 🚀
Reference(s):
China's forex market transactions up 10.1% in first three quarters
cgtn.com