The State Administration of Foreign Exchange announced on its official website on the 7th the scale of foreign exchange reserves at the end of July 2024. According to statistical data, as of the end of July 2024, China's foreign exchange reserves amounted to 3256.4 billion US dollars, an increase of 34 billion US dollars or 1.06% from the end of June. In July 2024, influenced by macroeconomic data, monetary policies, and expectations of major economies, the US dollar index fell and global financial asset prices rose overall. The combined effect of exchange rate conversion and asset price changes led to an increase in the scale of foreign exchange reserves for the month. The overall operation of China's economy is stable and steady with progress, continuing to rebound and improve, which is conducive to maintaining basic stability in the scale of foreign exchange reserves. (New Society)