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China February foreign reserves fall to US$3.13 trillion


BEIJING: China’s foreign exchange reserves fell more than expected in February, and posted their first decline in 13 months, as the yuan weakened against the US dollar amid wild swings in global financial markets.

Reserves fell US$27bil to US$3.13 trillion, compared with an increase of US$21.5bil in January, central bank data showed yesterday.

China , forex

   

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