State Administration of Foreign Exchange data showed China’s foreign exchange
reserves were $3.4422 trillion at end‑May 2026, up $31.7 billion (0.93%) from
end‑April. SAFE attributed the monthly increase to valuation effects — a firmer
dollar and broad gains in major global asset prices — which raised the dollar
value of holdings. It said China’s steady economic progress and continued push
for high‑quality development support the basic stability of the reserves.
