Beijing January 7 2023: China’s foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.
The country’s foreign exchange reserves – the world’s largest – rose $11 billion to $3.128 trillion last month.
The yuan rose 2.8% against the dollar in December, while the dollar last month fell 2.3% against a basket of other major currencies .
China held 64.64 million fine troy ounces of gold at the end of December, down from end-November.
The value of China’s gold reserves rose to $117.24 billion at the end of December from $111.65 billion at end-November.
