China's foreign exchange reserves rose to 3 trillion 245 billion dollars in March

In a statement made by the State Administration of Foreign Exchange of China, it was stated that foreign exchange reserves increased by 19.8 billion dollars (0.62 percent) at the end of March compared to the previous month.

In the statement, where it was expressed that foreign exchange reserves rose to 3 trillion 245 billion dollars, it was emphasized that both the US dollar index and the value of global financial assets increased in March due to the impact of global macroeconomic data and the monetary policies of major economies.

Pointing out that China's foreign exchange reserves increased due to the combined effect of exchange transactions and changes in asset prices, the statement noted that the China economy is expected to continue its recovery and that this is expected to contribute to maintaining the overall stability of foreign exchange reserves.

News Source: AA