At the end of May, the scale of our country's foreign exchange reserves was 3.1765 trillion US dollars

According to statistics released by the State Administration of Foreign Exchange on June 7, as of the end of May 2023, the scale of our country's foreign exchange reserves was 3.1765 trillion US dollars, down 28.30 billion US dollars from the end of April, a decrease of 0.88%. Industry insiders said that our country's economic operation continued to rebound for the better, which is conducive to the continued stability of the scale of foreign exchange reserves. Experts believe that the US dollar index rose, and global financial asset prices were mixed due to factors such as fiscal and monetary policy expectations of major economies and global macroeconomic data. Under the combined effect of exchange rate conversion and asset price changes, the scale of foreign exchange reserves declined in May.