China's total foreign exchange reserves stood at $3.2882 trillion as of the end of August, an increase of $31.8 billion, or 0.98 percent, compared to the end of July. China's foreign exchange reserves remain stable above $3.2 trillion for nine consecutive months, according to the State Administration of Foreign Exchange.
The dollar index fell while global financial asset prices generally rose last month, due to factors such as macroeconomic data and monetary policy expectations in major economies. The combined effects of currency conversion and asset price changes led to an increase in China's foreign exchange reserves in August.
Source (Al-Rai Kuwaiti Newspaper, Edited)
