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China’s foreign exchange reserves rose by USD 31.7 billion in May 2026 to USD 3.442 trillion, a 0.93% increase from USD 3.411 trillion in April. This brought reserves to their highest level since October 2015, supported by a stronger U.S. dollar against other major currencies and higher prices for major global financial assets. At the same time, the People’s Bank of China continued to expand its gold holdings for the 19th consecutive month, with reserves edging up to 74.96 million fine troy ounces in May from 74.64 million in April.
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