China’s Forex Reserves Jumped in July

China’s forex reserves, the world’s largest, increased to USD 3.24tn in July from USD 3.21tn in June, the highest since December 2015, while the yuan fell 0.06% against the dollar in July.

The rise was largely due to changes in the value of currencies and global assets that China holds. According to data from US Department of the Treasury, China’s holding of US Treasury Securities plunged to USD 1.06tn in June, marking the fourth consecutive month of declines.

Further data and analysis on China's economy are available on the CEIC China Economy in a Snapshot – Q3 2021 report.