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China's Forex Reserves Increase to $3.18 Trillion in March

China's foreign exchange reserves experienced growth in March, as the US dollar's value decreased compared to other major currencies. Official data released on Friday revealed this positive trend for the country.


World's Largest Reserves Surpass Analysts' Expectations

The world's largest foreign exchange reserves, belonging to China, rose by $51 billion to a total of $3.184 trillion in March. This exceeded the $3.149 trillion predicted by a Reuters poll of analysts and marked an increase from February's $3.133 trillion.

Yuan and Dollar Experience Fluctuations in March

In March, the yuan appreciated by 0.86% against the US dollar. Meanwhile, the dollar experienced a 2.3% decline in value compared to a basket of other major currencies.

China's Gold Reserves Show Steady Growth

At the end of March, China held 66.50 million fine troy ounces of gold, up from the 65.92 million recorded at the end of February. Consequently, the value of China's gold reserves increased to $131.65 billion at the end of March, compared to $120.28 billion at the end of the previous month.