Friday, August 1, 2025

China’s Foreign Reserves Jump to $3.22 Trillion Amid Weakening US Dollar

China’s foreign currency and gold reserves jumped by more than forecasted in May, amid a weakening US dollar.

According to data obtained by Reuters, China’s foreign exchange reserves rose to $3.22 trillion last month, marking an increase of $23.62 billion from April. Analysts polled by Reuters called for a reserves total of $3.208 trillion. The sudden larger-than-expected increase was partially the result of a weakening US dollar, as the yuan was up 1.6% against the greenback last month.

In the meantime, the country’s gold holdings remained relatively unchanged at 62.64 million fine troy ounces come the end of May. However, the value of those gold reserves soared from $110.73 billion at the end of April to $119.02 billion.

With China’s economy strongly rebounding from the Covid-19 pandemic, the communist country’s forex reserves have been steadily climbing. In May, its imports rose at the sharpest pace in over a decade, amid a surge in demand for raw materials. On the other hand, however, China’s export growth showed signs of slowing down, as a spike in Covid-19 cases across the country’s southern ports caused significant disruptions.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

The Nancy Pelosi Travel Diary: “Taiwan’s Most Devoted Friend” Miffs China, Triggers Military Drills Near Taiwan’s Coastline

As House Speaker Nancy Pelosi departs from her controversial visit to Taiwan, China prepares to...

Wednesday, August 3, 2022, 01:42:00 PM

Citigroup Strategists Warn of Continued US Dollar Downfall if Biden Becomes President

The US dollar will likely its weakening trend following the US presidential election, while US...

Sunday, November 15, 2020, 11:37:00 AM

China Purchasing Canadian Gold Miners Amid Gold Rally

As the coronavirus pandemic significantly impaired economies around the world and seeded uncertainty and volatility...

Saturday, June 13, 2020, 05:46:00 PM

Trade Bloc EEU Looking to Create Joint Payment System With BRICS

The Eurasian Economic Union (EEU) is looking to create a joint payment system with BRICS...

Monday, November 28, 2022, 04:43:00 PM

Is Public Inquiry On Chinese Interference Finally Coming? Tories To Work With NDP, Bloc To Set Terms

Party leader Pierre Poilievre announced on Sunday that federal Conservatives are willing to collaborate with...

Monday, June 12, 2023, 03:07:00 PM