China’s Currency Reserves Plunged In January

China’s Currency Reserves Plunged In January

China’s foreign currency reserves plunged by $99.5bn in January, the People’s Bank of China reported. China has been running down its vast foreign currency reserves in an attempt to boost the value of its own currency and stem a flow of funds overseas. At $3.23 trillion, China still has the world’s biggest reserve of foreign...
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