China Forex Reserves Hit a Near-Decade High
2025-07-07 08:30
By
Dongting Liu
1 min. read
China’s foreign exchange reserves rose by USD 32.2 billion to USD 3.317 trillion in June 2025, the highest level since December 2015, up from USD 3.285 trillion in May and slightly above market expectations of USD 3.313 trillion.
The increase was driven by the continued depreciation of the US dollar against other major currencies, along with rising asset prices.
In June, the yuan appreciated 0.45% versus the dollar, while the dollar depreciated 2.7% against a basket of key currencies.
Amid tariff uncertainties, expectations of interest rate cuts, and ongoing geopolitical tensions, China’s central bank increased gold holdings for the eighth consecutive month this year.
Gold reserves reached 73.90 million fine troy ounces at the end of June, edging up from 73.83 million ounces at the end of May.
Meanwhile, the value of gold reserves rose slightly to an equivalent of USD 242.93 billion from USD 241.99 billion in May.