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
