China’s foreign exchange (forex) reserves dropped by US$22 billion in September, to US$3.1426 trillion. Photo: Reuters China’s foreign exchange (forex) reserves dropped by US$22 billion in September, to US$3.1426 trillion. Photo: Reuters
China’s foreign exchange (forex) reserves dropped by US$22 billion in September, to US$3.1426 trillion. Photo: Reuters

Explainer |
Why did China’s forex reserves fall by US$22 billion in September?

  • A drop in China’s foreign exchange reserves could mean that there were money outflows from the country, or it could reflect a strengthening US dollar
  • As China looks to reduce its reliance on US dollar assets, Japanese government bonds are being increasingly favoured

Topic |   Currencies
China’s foreign exchange (forex) reserves dropped by US$22 billion in September, to US$3.1426 trillion. Photo: Reuters China’s foreign exchange (forex) reserves dropped by US$22 billion in September, to US$3.1426 trillion. Photo: Reuters
China’s foreign exchange (forex) reserves dropped by US$22 billion in September, to US$3.1426 trillion. Photo: Reuters
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