China’s Foreign Reserves Hit Highest Level in Decade

China’s foreign exchange reserves rose by $16.5 bn in September, reaching $3.339 trillion — the highest level since November 2015, according to the People’s Bank of China.

Reserves Continue to Grow

This marks the eleventh consecutive month of growth in the country’s gold and foreign currency holdings. The volume of gold reserves increased to 74.06 mln ounces, with their total value climbing to $283.3 billion.

Currency Trends

Over the same period, the yuan strengthened against the U.S. dollar by 0.1%, while the greenback’s position relative to other major currencies remained largely unchanged.

The steady rise in reserves reflects Beijing’s ongoing efforts to stabilize the national currency and maintain financial resilience amid global economic uncertainties.