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China's forex reserves decline in August

Xinhua, September 7, 2016 Adjust font size:

China's foreign exchange reserves fell to 3.185 trillion U.S. dollars at the end of August, down from 3.201 trillion in July, the central bank said Wednesday.

It was a decline for the second month running, according to the bank.

Due to concerns over a weak yuan and capital outflows, China's forex reserves have been in broad deline since last November, but reserves returned to growth in March due to signs of stabilizing economy. Endi