China’s foreign exchange reserves hit lowest since March 2020, approaching $3 trillion mark
DATA FEATURES
China’s foreign exchange reserves hit lowest since March 2020, approaching $3 trillion mark
DATA FEATURES

China’s foreign exchange reserves hit lowest since March 2020, approaching $3 trillion mark

 

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China’s foreign exchange reserves hit the lowest level since March 2020, approaching the closely-watched $3 trillion mark, amid US dollar's strengthening fueled by aggressive interest rate hikes and falling global asset prices.

China's foreign exchange reserves declined by $56.5 billion to $3.071 trillion at the end of June, compared with $3.128 trillion in May, according to data released by the State Administration of Foreign Exchange (SAFE). The drop . . .

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