This article**[CCTV];
CCTV *** The State Administration of Foreign Exchange announced the latest foreign exchange reserves on December 7. The data shows that the scale of China's foreign exchange reserves has risen steadily.
According to the latest data from the State Administration of Foreign Exchange, as of the end of November, China's foreign exchange reserves were US$3,171.8 billion, an increase of US$70.6 billion, or 2., from the end of October28%, the scale rebounded steadily.
From the perspective of the international situation, in November, affected by macroeconomic data of major economies, monetary policy expectations and other factors, the US dollar index **, global financial assets **overall**. In addition, experts said that the increasing endogenous momentum of China's economy is an important reason for the steady rebound of foreign exchange reserves.
Wen Bin, Chief Economist of China Minsheng Bank: With the implementation of a series of policies to stabilize growth, the endogenous driving force of China's economy has continued to increase, and the growth rate of exports has begun to pick up. At the same time, there is a clear trend of foreign institutions increasing their positions in China's bond market, and the balance of payments situation has improved, laying a solid foundation for the recovery of China's foreign exchange reserves.
The relevant person in charge of the State Administration of Foreign Exchange said that China's economy continues to rebound and improve, with strong economic resilience, full potential, and wide room for maneuver, and the fundamentals of long-term improvement have not changed, and will continue to support the scale of foreign exchange reserves to remain basically stable.