September’s drop was small compared with overall reserves, but it was larger than a decline of US$15.89 billion in August and was the biggest in three months. Photo: AFP

China’s forex reserves fall more than expected in September, by US$18.8b

Data suggests fresh capital outflows as the central bank continues its ongoing efforts to defend the yuan’s exchange rate

Topic |   Foreign exchange market
September’s drop was small compared with overall reserves, but it was larger than a decline of US$15.89 billion in August and was the biggest in three months. Photo: AFP
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