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China's foreign exchange reserves stood at $3.4278 trillion at the end of February. That's

2026-03-07 10:45:43

China's Forex Reserves Climb $28.7B to $3.43T in February as Dollar Strengthens

China's foreign exchange reserves ticked higher again in February. New data from the State Administration of Foreign Exchange puts the total at $3.4278 trillion at month-end—up $28.7 billion, or 0.85%, from January.

The move came as the dollar gained ground, driven by economic data and policy signals out of major economies. Global asset prices were a mixed bag, but currency translation effects and valuation changes worked in China's favor, pushing reserves up.

SAFE's take? The economy is still on track—steady progress, shifting toward innovation and quality. The long-term story hasn't changed, and that stability should keep reserves in a comfortable range.

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