According to the data released by China's State Foreign Exchange Administration, the country's foreign exchange reserves reached 0,88 trillion 3 billion dollars at the end of May, shrinking by 177 percent compared to the previous month. China's State Foreign Exchange Administration noted that the decline in foreign exchange reserves was due to the combined effect of exchange rate conversions and changes in asset prices.
Data showed that the US dollar index strengthened in May, while global financial asset prices remained mixed. China's State Foreign Exchange Administration reported that the Chinese economy continues to improve, which helps to maintain the size of the country's foreign exchange reserves and basic stability.