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- China’s foreign-exchange reserves drop to the lowest level since February 2013
China’s foreign-exchange reserves drop to the lowest level since February 2013
According to data released by the People's Bank of China (PBoC) on Monday, China's foreign-exchange reserves declined by $87.2 billion to $3.44 trillion in November, after a rise by $11.39 billion in October. It was the lowest level since February 2013.
It is likely that capital outflows from China continued.
The central bank also sold the U.S. dollar to support the yuan.
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