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1st LD-Writethru: China's forex reserves continue falling

Xinhua, September 7, 2015 Adjust font size:

China's foreign exchange reserves fell to 3.56 trillion U.S. dollars at the end of August, the country's central bank announced on Monday.

The reserves decreased by 90 billion U.S. dollars in August, marking the fourth consecutive month of falling forex reserves, according to the People's Bank of China.

But the country's gold reserves climbed from 59.238 billion U.S. dollars at the end of July to 61.795 billion U.S. dollars at the end of August.

China's forex reserves fell by 40 billion U.S. dollars in the second quarter, marking a seven-quarter low and a fourth consecutive quarterly drop.

Fuelled by exports, forex reserves had grown for more than a decade before beginning their decline in the third quarter of 2014. Endi