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China forex reserves fall by more than expected, to below US$3t
Published Tue, Feb 7, 2017 · 09:50 PM
Beijing
CHINA'S foreign exchange reserves have fallen below US$3 trillion for the first time in six years, the central bank announced on Tuesday, crossing a symbolic threshold as authorities seek to stem capital flight out of the country.
Slowing growth in the world's second-largest economy and a weakening yuan have in recent months led investors to move huge sums offshore in search of better returns.
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