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Why did China’s forex reserves fall by US$22 billion in September?

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[unable to retrieve full-text content]China’s foreign exchange (forex) reserves, by far the world’s largest, unexpectedly dropped by US billion in September to US.1426 trillion, according to data released by the State Administration of Foreign Exchange (SAFE) on Wednesday.Why does China’s drop in forex reserves matter?The monthly change in China’s forex reserves is released on the seventh day of every month and is read as a measure of capital flows. Given China’s current account surplus, a drop in reserves could mean that…

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[unable to retrieve full-text content]
China’s foreign exchange (forex) reserves, by far the world’s largest, unexpectedly dropped by US$22 billion in September to US$3.1426 trillion, according to data released by the State Administration of Foreign Exchange (SAFE) on Wednesday.Why does China’s drop in forex reserves matter?The monthly change in China’s forex reserves is released on the seventh day of every month and is read as a measure of capital flows. Given China’s current account surplus, a drop in reserves could mean that…

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