US Media: China's Foreign Exchange Reserves Increase to $3.442 Trillion in May, Exceeding Market Expectations
Latest data from the People's Bank of China shows that due to the appreciation of the US dollar and rising global financial asset prices, China's foreign exchange reserves increased by $31.7 billion month-on-month in May, reaching $3.442 trillion.
Economists generally predicted a slight decline in China's foreign exchange reserves in May to $3.4 trillion, but the actual figures significantly exceeded expectations.
Original Source: toutiao.com/article/1867318741326857/
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