Photo shows the headquarters of the People's Bank of China in Beijing, capital of China. (Xinhua/Cai Yang)
BEIJING, March 8 (Xinhua) -- China's foreign exchange reserves stood at 3.2138 trillion U.S. dollars as of the end of February 2022, decreasing by 7.8 billion U.S. dollars from the end of January, or down 0.24 percent month on month, marking the 10th consecutive month for the country's forex staying above 3.2 trillion U.S. dollars, according to data released by the State Administration of Foreign Exchange (SAFE) on Monday.
In February 2022, cross-border capital flows run stable and orderly, and supply and demand in the domestic foreign exchange market were basically balanced, Wang Chunying, deputy director and spokesperson of the SAFE, said.
Due to geopolitical turmoil, major countries' monetary policy expectations and other factors, the U.S. dollar index rose slightly and the global financial asset prices declined, which led to the slight drop of foreign exchange reserves in February, the spokesperson said.
But at the same time, China's accumulated trade surplus from January to February this year reached 115.96 billion U.S. dollars, only lower than that of Jan.-Feb. figure in 2015, which was conducive for China's foreign exchange reserves, Zheng Houcheng, an expert with Yingda Securities, said.
(Edited by Tian Shenyoujia with Xinhua Silk Road, tianshenyoga0524@163.com)
A single purchase
