NOUREWS- China's foreign exchange reserves have stagnated after three months, with China's foreign exchange reserves rising by $ 86 billion to $ 3.9 trillion from the previous month, according to the Chinese Foreign Exchange Office.
China is the world's largest holder of foreign exchange reserves, and the gradual reopening of its economy appears to have helped boost its reserves after the Corona peak. In recent months, China has largely blocked the outflow of foreign exchange resources, thanks to tighter policies on capital.
However, many economists worry that the widespread outbreak of the coronavirus, which has killed more than 3,000 people in China so far, could negatively affect the government's ability to revive economic growth in the first six months of this year.
By the end of April, China had $ 106.67 billion in gold reserves, up $ 5.87 billion from the previous month.
A spokesman for China's foreign exchange reserves management office said the government was looking to maintain stability in China's macroeconomic environment despite rising uncertainties. Is.
He added that China's economic infrastructure is very strong and that the amount of foreign exchange reserves will remain at the desired level as the reforms needed to address the existing risks and challenges continue.
China's National Development and Reform Commission predicts that in the second quarter of this year, economic activity in the country will return to pre-epidemic levels. During a news conference in Beijing, commission officials told reporters that they would unveil new growth-enhancing policies at the right time.
ISNA
NOURNEWS