Beijing: China's foreign exchange reserves were recorded at 3.2922 trillion US dollars at the end of July. This marks a decrease of 25.2 billion US dollars or 0.76% from the figures at the end of June, as reported by the State Administration of Foreign Exchange.
According to Bahrain News Agency, the administration highlighted that global financial asset prices saw fluctuations during this period. These fluctuations were influenced by macroeconomic data, monetary policies, and the economic outlooks of major economies.
The decline in reserves was attributed to the combined impact of exchange rate movements and asset price fluctuations.