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China foreign exchange reserves rise US$20.2b in Dec to US$3.14t

Reserves at highest since Sept 2016 as tight regulations and a strong yuan discourage capital outflows

Tighter capital controls and a faltering US dollar have helped the yuan stage a strong turnaround, bolstering confidence in China's economy.


CHINA'S foreign exchange reserves rose to their highest in more than a year in December, blowing past economists' estimates, as tight regulations and a strong yuan continued to discourage capital outflows, central bank data showed on Sunday.

Notching up their 11th straight...