China Reserves at Lowest Since 2011 as PBOC Supports Yuan

  • Reserves dropped by $15.9 billion to $3.19 trillion in August
  • Stockpile has been stabilizing this year even as yuan weakens

China’s foreign-exchange reserves, the world’s largest foreign currency hoard, slipped to the lowest level since 2011 as the central bank continued its defense of the currency.

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