China’s forex reserves fell US$33.93 billion in October to US$3.053 trillion. Photo: Reuters China’s forex reserves fell US$33.93 billion in October to US$3.053 trillion. Photo: Reuters
China’s forex reserves fell US$33.93 billion in October to US$3.053 trillion. Photo: Reuters
Economy /  China Economy

China’s forex reserves hit 18-month low as trade war piles pressure on yuan

  • China’s currency reserves fall by about US$34 billion in October as central bank defends yuan from excess depreciation
  • Drop still modest compared with declines during 2015 market rout

Topic |   Foreign exchange market
Karen Yeung
Karen Yeung

Updated: 7:54pm, 7 Nov, 2018

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China’s forex reserves fell US$33.93 billion in October to US$3.053 trillion. Photo: Reuters China’s forex reserves fell US$33.93 billion in October to US$3.053 trillion. Photo: Reuters
China’s forex reserves fell US$33.93 billion in October to US$3.053 trillion. Photo: Reuters
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