| Chinese foreign exchange reserves fell in May and June, providing fresh evidence that capital is again leaving the country as the domestic economy slows and global risks rise. People's Bank of China data showed foreign exchange reserves rising $91.8 billion in April but then falling $19.7 billion in May and another $18.1 billion in June.
May and June's apparent outflows were the heaviest since March to May last year. The foreign exchange reserve numbers follow data suggesting that China is again seeing capital outflows on the back of a slowing economy and noises in Washington about the beginning of the end of quantitative easing...............................................Full Article: Source
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