In March, China's foreign exchange reserves reached 3188 billion US dollars

The reporter learned from the State Administration of foreign exchange that as of the end of March, the scale of China's foreign exchange reserves was 3188 billion US dollars, a decrease of 25.8 billion US dollars or 0.8% compared with the end of February.
Wang Chunying, deputy director of the State Administration of foreign exchange and spokesman, said that in March, China's cross-border capital inflows generally rebounded, and the supply and demand of the foreign exchange market continued to be basically balanced. Novel coronavirus pneumonia and the new crown pneumonia epidemic are the main factors affecting the international financial market. The US dollar index has risen and the prices of major state bonds have declined. Foreign exchange reserves are denominated in US dollars. After non US dollar currencies are converted into US dollars, the amount decreases. Combined with the changes of asset prices and other factors, the scale of foreign exchange reserves decreases in the current month.
Wang Chunying said that the current global epidemic is still in the pandemic stage, and the volatility of the international financial market has increased, but the fundamentals of China's strong economic resilience and long-term improvement will not change, which will support the overall stability of the scale of foreign exchange reserves.