Diabytes
China foreign exchange reserves News
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Two years ago, it was a collapse in Chinese stocks, a surprise yuan devaluation and shrinking foreign exchange reserves that roiled financial markets that delayed the Fed, but it did raise rates three months later and has tightened further since.
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China`s mountain of foreign exchange reserves dropped around $19 billion in September to a five-year low, government data showed, with the central bank spending heavily to defend its currency against capital outflows.
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China's foreign exchange reserves, the highest in the world, dropped to USD 3.201 trillion at the end of last month, down from June's USD 3.205 trillion amid concerns over capital outflows.
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