Published on: 2026-09-08
Source: People’s Republic of China — Translation
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Beijing, September 8 /Xinhua/ — China’s foreign exchange reserves at the end of August 2026 amounted to 3.4383 trillion US dollars, an increase of 19.5 billion dollars or 0.57 percent compared to the end of July, official data showed on Monday.
The increase in foreign exchange reserves in August resulted from the combined effects of factors such as currency exchange rates and changes in asset prices, according to a statement from the State Administration of Foreign Exchange of China.
According to the agency’s report, the fact that China’s economy is functioning overall steadily, achieving progress while maintaining stability, demonstrating great resilience and viability, also contributes to keeping the size of foreign exchange reserves at a stable level.
The Chief Economist of China Minsheng Bank, Wen Bin, noted that in the future, China’s exports will likely maintain sufficient resilience and strengthen the foundation of the country’s international balance of payments. As he explained, the global boost in manufacturing driven by capital expenditures in AI will continue, providing a strong impetus for export growth.
And those whose activities are related to foreign trade will continue to strive to develop overseas markets, ensuring their diversification and constantly discovering new drivers of trade growth, noted Wen Bin. -0-
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