China Reserves Post First Yearly Drop Since 1992 Amid Yuan Slide

  • Currency hoard plunged $513 billion to $3.33 trillion in 2015
  • 'A major turning point in the history of Chinese development'

China’s foreign reserves shrank last year for the first time since 1992, ending a 22-year ascent that began under former top leader Deng Xiaoping and accelerated with presidents Jiang Zemin and Hu Jintao.

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