Source:
https://scmp.com/economy/china-economy/article/3041067/chinas-foreign-exchange-reserves-fall-us9-billion-novemberChina Economy
China’s forex reserves fall US$9 billion in November on lower valuation of assets
- Despite dip, China’s foreign exchange reserves have been generally rising since end of last year as foreign investors snap up stocks and bonds
- China’s gold reserves fall to US$91.47 billion at end of November from US$94.65 billion a month earlier
China’s foreign exchange reserves fell to US$3.096 trillion in November. Photo: AP
China’s foreign exchange reserves fell by US$9 billion in November to US$3.096 trillion, the central bank said on Saturday, as Washington and Beijing remained locked in negotiations over an interim trade agreement.
Analysts polled by Reuters had expected China’s reserves, the world’s largest, to fall by just US$4 billion in the month.