China's foreign exchange reserves continued to rise to $3.438 trillion, driven primarily by a weakening dollar and an expanding trade surplus.

U.S. media: China's foreign exchange reserves continued to rise in August, primarily driven by a weaker U.S. dollar and an expanding trade surplus. Data from the People's Bank of China shows that by the end of August, China's foreign exchange reserves reached $3.438 trillion, an increase of $19.55 billion compared to July, surpassing the market's previous expectation of $3.425 trillion.

The growth in foreign exchange reserves reflects the stability of China's international balance of payments, but has also raised market concerns about upward pressure on the renminbi (RMB). With strong export performance, an expanding trade surplus, and a weakening U.S. dollar index, the RMB faces certain appreciation momentum. Future movements in the RMB exchange rate will still be influenced by multiple factors, including global monetary policies, external trade conditions, and the pace of domestic economic recovery.

Original source: toutiao.com/article/1875681768762368/

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