The East Asian country’s foreign exchange reserves are anticipated to remain stable overall due to the potential, vitality, and resilience of the Chinese economy. The fundamentals supporting the nation’s long-term growth have continued to be robust, various Chinese media reports quoted the regulator as saying.
Moreover, it was noted that along with the drop in the prices of global financial assets, the US dollar index declined because of the expectations of major economies, global microeconomic data, and the monetary policy in December 2022.
ALCHEMPro News Desk (NB)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
