China's Forex regulator, the State Administration for Foreign Exchange.

  • says economy's ability to counteract external shocks has strengthened
  • sound economic fundamentals will provide solid support for stable operations in the fx market
  • sound economic fundamentals will also provide a solid basis for stable forex reserves
  • says FX reserves rose in May due to valuation effect and changes in asset prices
  • relatively huge uncertainty remains in global political and economic situation
  • volatility in global financial markets may increase