International Online Report (Reporter Li Lin): According to data released by the State Administration of Foreign Exchange on the 7th, at the end of December 2021, my country’s foreign exchange reserves amounted to 3,255.2 billion U.S. dollars, an increase of 27.8 billion U.S. dollars from the end of November, an increase of 0.86%. This is the third consecutive month that the scale of my country’s foreign exchange reserves has rebounded, and it has also set a new high since 2016.
Wen Bin, chief researcher of China Minsheng Bank, said: “Valuation factors are the main reason for the rebound in foreign exchange reserves. In December, the US dollar exchange rate index fell, and the global bond index fell. Taking into account the impact of exchange rate translation and asset price changes, my country’s foreign exchange reserves rebounded. At present, although my country’s economy is facing the triple pressure of demand contraction, supply shock, and expected weakening, the foundation of my country’s long-term economic improvement has not changed. With the introduction and implementation of a series of stable growth policies, and relying on forward efforts to increase support Vigorously expand domestic demand, stabilize external demand, and maintain economic operations within a reasonable range, laying the foundation for the overall stability of foreign exchange reserves.”
Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, also said that the current global epidemic and the world economic situation are complex and severe, and the international financial market is still facing many unstable and uncertain factors. However, my country has coordinated efforts to promote epidemic prevention and control and economic and social development, and the fundamentals of strong economic resilience and long-term improvement have not changed, which is conducive to maintaining the overall stability of the scale of foreign exchange reserves.Return to Sohu to see more
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