🇨🇳 China's Reserves Update: Forex up, Gold continues streak! 📈

• China's foreign exchange reserves hit US$ 3,346.4 Bn at end-November, a modest increase of US$ 3 Bn (0.09%) from October. • This growth was influenced by a declining US Dollar Index and mixed global financial asset prices, according to SAFE. • Gold holdings increased by 30,000 ounces month-on-month, reaching 74.12 million ounces – marking the 13th consecutive month of accumulation. • China's economy maintains overall stability, providing a solid foundation for these steady reserve levels. • Economic growth is supported by positive outcomes from US-China trade talks and improvements to the qualified foreign institutional investor (QFII) system, enhancing attractiveness for overseas capital.