China's foreign exchange reserves decreased by 0.85% in September

The deputy head of the State Administration of Currency Control of the People's Republic of China, Wang Chunying, said that at the end of September they amounted to $3.029 trillion.

China's foreign exchange reserves decreased by $25.9 billion in September, which is 0.85% less than in August. This was announced on Friday by the deputy head of the State Administration of Currency Control of the People's Republic of China Wang Chunying.
"As of the end of September, China's foreign exchange reserves amounted to $3.029 trillion, which is $25.9 billion less than in August," she said.
Wang Chunying caused a decrease in foreign exchange reserves with the growth of the dollar index. According to her, the factors of instability and uncertainty have significantly increased in the global economy, and there is significant volatility in the international financial market.
The dollar has been strengthening against the yuan since March. Then one dollar was worth about 6.35 yuan. Now it has strengthened to almost 7.1 yuan. The month before last, China's foreign exchange reserves decreased by $49.2 billion, to $3.055 trillion, writes TASS.