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China's forex falls by US$15.89 billion

0 Comment(s)Print E-mail CNTV, September 8, 2016
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In finance news, China's foreign exchange reserves have fallen to their lowest levels since 2011.

According to China's central bank, China's foreign exchange reserves fell in August by US$15.89 billion-- to US$3.19 trillion. That's the biggest one month drop since May.

China's forex has experienced a general decline since last November, due to concerns over a weak yuan and increased capital outflows.

 

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