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BEIJING, July 8 (Xinhua) – China's foreign exchange reserves edged up to 3.1192 billion US dollars at the end of June, official statistics said Monday.
This amount increased by 18.2 billion US dollars, or 0.6% from the end of May, according to the State Administration of Foreign Exchange (SAFE).
Wang Chunying, a spokesperson for SAFE, attributed June's rise to a variety of factors, including exchange rate fluctuations and badet price movements.
Despite growing external uncertainties and volatility, the Chinese economy has maintained its overall stability and has remained in a reasonable range until now this year, said Wang, pointing out that the market Chinese exchange maintained the fundamental balance between supply and demand.
Wang said the country would continue to promote quality economic development, to unveil more measures to promote full openness and enhance the resilience and sustainability of the economy.
These moves will provide a solid foundation for the stability of foreign exchange reserves, Wang added.
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