Data from the State Administration of Foreign Exchange shows that as of the end of December 2024, China's foreign exchange reserves amounted to 3202.4 billion USD, a decrease of 63.5 billion USD from the end of November, with a decline rate of 1.94%. In December 2024, influenced by expectations of monetary policy from central banks in major economies and macroeconomic data, the USD rose while global financial asset prices generally fell. The combined effects of exchange rate conversions and changes in asset prices resulted in a decrease in foreign exchange reserves for the month. China's economic operations remained overall stable, with steady progress and solid advancement of high-quality development, which is conducive to keeping the scale of foreign exchange reserves roughly stable.