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China’s foreign exchange reserves fall US$9 billion in November on lower valuation of assets

Summary:
[unable to retrieve full-text content]China’s foreign exchange reserves fell by US billion in November to US.096 trillion, the central bank said on Saturday, as Washington and Beijing remained locked in negotiations over an interim trade agreement.Analysts polled by Reuters had expected China’s reserves, the world’s largest, to fall by just US billion in the month.Despite a slowing economy and an escalating trade war, China’s forex reserves have been gradually rising since late last year, helped by tight capital controls and…

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[unable to retrieve full-text content]
China’s foreign exchange reserves fell by US$9 billion in November to US$3.096 trillion, the central bank said on Saturday, as Washington and Beijing remained locked in negotiations over an interim trade agreement.Analysts polled by Reuters had expected China’s reserves, the world’s largest, to fall by just US$4 billion in the month.Despite a slowing economy and an escalating trade war, China’s forex reserves have been gradually rising since late last year, helped by tight capital controls and…
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