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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China’s forex reserves drop for first quarter since 1998

Posted on 13 January 2012

China’s foreign-exchange reserves posted the first quarterly decline in more than a decade, as foreign investment moderated, the trade surplus narrowed and investors withdrew capital amid the global financial crisis.
The holdings, the world’s biggest, fell to $3.18 trillion at the end of December from $3.2 trillion at the end of September, according to People’s Bank of China data released in Beijing today. That was the first quarterly contraction since the second quarter of 1998, according to data compiled by Bloomberg………………………………………..Full Article: Source


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