China's Dollar Stockpile Nears US$3.44 Trillion

China's foreign-currency reserves — savings held mostly in dollars — reached US$3,438.3 billion at end-August 2026, SAFE reported September 7. That's up US$19.5 billion from July and roughly US$153 billion since May 2025. SAFE says the gains came from exchange-rate and asset-price changes, not active buying. The cushion gives China's central bank room to cut rates safely.