China’s reserves continued decline in foreign currency
Mo4ch News : It dropped China’s foreign exchange reserves for the sixth consecutive month in December to its lowest level since the beginning of 2011, but the cohesion above the critical level, which has a $ 3 Trillions, at a time when the authorities intervened to support the yuan before taking President-elect Donald Trump’s office.
The central bank data showed on Saturday that the reserve fell slightly less than expected, which is $ 41 billion last month to 3.011 trillion dollars, in the wake of the decline amounted to 69.06 trillion dollars in November.
Economists polled by “Reuters” were expecting falling reserves of $ 51 billion to US $ 3.001 trillion.
Source : Rebounds
China’s reserves fell about $ 320 billion in 2016 after landing a record $ 513 billion in 2015.