China's Foreign Exchange Reserves Rise in November
Beijing, December 07 (QNA) - China's foreign exchange reserves rose to $3.3464 trillion at the end of November, an increase of $3 billion, or 0.09%, compared with October.
In a statement Sunday, the Chinese State Administration of Foreign Exchange attributed the increase to the combined effect of currency conversions and asset price changes, as well as the decline in the US dollar index last month, while global financial asset prices experienced mixed movements.
The statement added that China remains well-positioned to maintain the overall stability of its foreign exchange reserves, supported by its stable economy. (QNA)
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