Economics
China’s FX Reserves Drop for Fourth Month Amid Yuan Declines
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China’s foreign exchange reserves fell for the fourth straight month in April, as capital outflow pressures grew and the yuan weakened.
Reserves fell to $3.1197 trillion in April from March’s $3.188 trillion, the People’s Bank of China said Saturday in a statement. That compares with the median estimate of $3.13 trillion in a Bloomberg survey of economists.