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China fx reserves rise $11 billion to $3.128 trillion in December

Published 01/06/2023, 09:31 PM
Updated 01/06/2023, 09:45 PM
© Reuters. U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration

BEIJING (Reuters) - China's foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.

The country's foreign exchange reserves - the world's largest - rose $11 billion to $3.128 trillion last month, compared with $3.154 trillion predicted by a Reuters poll of analysts and $3.117 trillion in November.

The yuan rose 2.8% against the dollar in December, while the dollar last month fell 2.3% against a basket of other major currencies.

© Reuters. U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration

China held 64.64 million fine troy ounces of gold at the end of December, down from end-November.

The value of China's gold reserves rose to $117.24 billion at the end of December from $111.65 billion at end-November.

Latest comments

Huge confiscation risk for China. Best De-dollarize
When US and allies discovers that some country has become fat with gold and fx reserves, then he wages war and confiscate everything. So now is China's number after Russia is properly confiscated.
and 28b less than forecast
Still cutting USD reserve at over 2%, net appreciation of RMB.
No interest in investing in Chinese companies
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