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

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

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

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.