SCMP: China’s forex reserves fall more than expected in September, by US$18.8b
China’s foreign exchange reserves have dropped for the third month in a row, with September’s data showing the latest fall has exceeded market expectations as the central bank continues its ongoing efforts to defend the yuan’s exchange rate.
The nation’s forex reserves, the world’s largest, shrank to about US$3.166 trillion last month – down from US$3.185 trillion in August, according to data from the state administration of foreign exchange.
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