At the end of September, China’s foreign exchange reserves were US$3.4003 billion.

China News Service, Beijing, October 7 (Tao Siyue) Statistics released by China's State Administration of Foreign Exchange on the 7th showed that as of the end of September, China's foreign exchange reserves were US$3.4003 billion, a decrease of US$38.1 billion from the end of August, a decrease of 1.11%.

The State Administration of Foreign Exchange stated that in September 2026, affected by factors such as the global macroeconomic environment and the monetary policies of major economies, the U.S. dollar index rose and the prices of major global financial assets fell overall. Under the combined influence of factors such as exchange rate conversion and changes in asset prices, the scale of foreign exchange reserves decreased that month.

Pang Ming, a member of the China Chief Economist Forum, believes that the decrease in China's foreign exchange reserves at the end of September compared with the end of last month more reflects valuation adjustments caused by fluctuations in the international financial market, rather than obvious changes in the supply and demand relationship for foreign exchange. China's foreign exchange reserves remain at a sufficient level of over US$3 trillion.

"From a fundamental perspective, China's macroeconomic operation is generally stable and resilient, emerging industries and innovation momentum continue to be released, foreign trade, investment and cross-border capital flows remain generally stable, and the balance of payments has strong support." Pang Ming said that the current scale of foreign exchange reserves is still at a historically high level, which is sufficient to cope with changes in the external environment. The endogenous resilience of the real economy and the continued balance of international payments can effectively smooth out the impact of global monetary policy adjustments and market sentiment fluctuations in the short term.

Looking forward to the future, Wen Bin, chief economist of China Minsheng Bank, believes that China's exports will maintain strong resilience and play the fundamental role of the international balance of payments. He added that in September, China and the United States reached a consensus on a US$30 billion reciprocal tax reduction framework. The US tax reduction products are concentrated in categories such as toys, home appliances, baby products, kitchen and bathroom supplies, and holiday gifts, which will help improve the export of related consumer goods; at the same time, the diversification of export markets and industrial chain advantages will continue to provide long-term support for exports. (over)