China's foreign exchange reserves rose by USD 12.3 billion to USD 3.108 trillion in December 2019, while markets had forecast a USD 7.4 billion increase to USD 3.103 trillion, due to fluctuations in global exchange rates and the prices of foreign bonds that the country holds. The value of gold reserves went up to USD 95.406 billion at the end of December from USD 91.469 billion at the end of November. Foreign Exchange Reserves in China averaged 1057893.44 USD Million from 1980 until 2019, reaching an all time high of 3993212.72 USD Million in June of 2014 and a record low of 2262 USD Million in December of 1980. source: People's Bank of China
Foreign Exchange Reserves in China is expected to be 3120000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in China to stand at 300000.00 in 12 months time. In the long-term, the China Foreign Exchange Reserves is projected to trend around 3100000.00 USD Million in 2020, according to our econometric models.