Georgetown Americas Institute

International trade serves as a cornerstone of economic growth by enabling countries to specialize in their areas of comparative advantage. This specialization enhances competitiveness, fosters innovation through heightened competition, and attracts capital that fuels development and prosperity.

As of October 2024, China’s foreign exchange reserves have climbed to an impressive US$3.261 trillion, maintaining their position as the largest in the world for several consecutive years. This remarkable achievement highlights the strength and resilience of China’s economy, as well as its pivotal role in the global financial system.