Key facts
- China's foreign exchange reserves rose to $3.442 trillion in May.
- This marks an increase from the previous month's total of $3.411 trillion.
- China's central bank has continued buying gold for 19 consecutive months.
China's foreign exchange reserves saw an increase in May, reaching a total of $3.442 trillion. This figure represents a rise from the previous month's total of $3.411 trillion. Concurrently, China's central bank has continued its streak of gold acquisitions for the 19th consecutive month. This sustained buying underscores a significant trend in the nation's foreign exchange reserve management. The growth in foreign exchange reserves can be influenced by various factors, including trade surpluses, foreign direct investment, and the valuation of foreign assets held by the central bank.