Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

China’s forex reserves shrank by USD 22 billion in September.


Date: 08-10-2020
Subject: China’s forex reserves shrank by USD 22 billion in September
China's foreign exchange reserves stood at USD 3.1426 trillion at the end of September, down from USD 3.1646 trillion recorded at the end of August, the official data showed on Wednesday.

China’s foreign exchange reserves shrank to USD 3.1426 trillion, a dip of USD 22 billion, last month compared with August due to a host of factors including the COVID-19 pandemic abroad, the official media here reported on Wednesday.

China’s foreign exchange reserves edged down in September, ending a five-month rising streak since April, though the country’s foreign exchange regulator said that supply and demand dynamics and cross-border capital flow remain stable, state-run Global Times reported.

The decrease, at USD 22 billion or 0.7 per cent month over month, was due to a rise in the US dollar index and exchange rates, changes in asset prices, as a result of a number of factors including the resurgence of the COVID-19 pandemic abroad and monetary and fiscal policies adopted by the world’s major economies, the State Administration of Foreign Exchange (SAFE) said in a statement.

China’s foreign exchange reserves stood at USD 3.1426 trillion at the end of September, down from USD 3.1646 trillion recorded at the end of August, the official data showed on Wednesday.

However, Wang Chunying, a SAFE spokesperson, said the stable trend of China’s foreign exchange reserve remains stable as the favourable conditions enjoyed by the Chinese economy were unchanged and its policymakers’ toolkit remained ample, despite the still-complex pandemic situation and rising uncertainties in the global economy.

China’s gold reserves stood at 62.64 million ounces at the end of September, unchanged compared with that of the previous month, SAFE data showed.

Source:-financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 30-10-2021
Notification No. 78/2021-Customs (N.T.)
Seeks to amend Sea Cargo Manifest and Transhipment Regulations 2018.

Date: 13-10-2021
Notification No. 48/2021-Customs
Seeks to reduce BCD on crude and refined soya, sunflower and palm oils till 31.03.2022

Date: 13-10-2021
Notification No. 49/2021-Customs
Seeks to reduce AIDC on crude soya, sunflower and palm oils till 31.03.2022

Date: 07-10-2021
Notification No.80/2021 - Customs (N.T.)
Exchange rates Notification No.80/2021-Cus (NT) dated 07.10.2021.

Date: 07-10-2021
Notification No. 35/2015-2020
Relaxation in Export Policy of Red Sanders Wood - regarding

Date: 06-10-2021
Public Notice No. 21/2015-20
Implementation of MoU between Government of Republic of India and Government of Republic of Malawi for import of pigeon peas from Malawi - reg.

Date: 05-10-2021
Instruction No. 21/2021-Customs
Submission of Intimation of Arrest Report & Incident Report.

Date: 04-10-2021
Notification No. 34/2015-2020 – DGFT
Amendment in Export Policy of Syringes and incorporation of Policy Condition.

Date: 04-10-2021
Public Notice No. 27/2015-2020-DGFT
Allocation of quantity of 5841 MT (raw/refined) Sugar to EU under TRQ scheme for the year 2021-22

Date: 04-10-2021
Notification No. 59/2021-Customs (ADD)
seeks to extend anti dumping duty on 'ceramic tableware and glassware' originating in or exported from Malaysia, to prevent the circumvention of anti dumping duty levied on subejct goods originating in or exported from China PR vide Notification No. 4/2018-Customs(ADD) dated 21st February, 2018.



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001