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China’s foreign exchange reserves rose by USD 3.6 billion to USD 3.285 trillion in May 2025, up from USD 3.282 trillion in April, marking the highest level since last September. The increase was driven by the weakening of the U.S. dollar against other major currencies and changes in asset prices. The yuan weakened by 1.05% against the dollar in May, while the dollar slid 0.23% against a basket of other major currencies. Gold reserves stood at 73.83 million fine troy ounces at the end of May, up slightly from 73.77 million ounces at the end of April, as the central bank bought the precious metal for a seventh straight month. However, the value of gold reserves fell slightly to an equivalent of USD 242 billion, down from USD 244 billion the previous month, due to a decline in bullion prices in late April.