- China’s foreign-exchange reserves drop in May
Market news
7 June 2016
China’s foreign-exchange reserves drop in May
According to data released by the People's Bank of China (PBoC) on Tuesday, China's foreign-exchange reserves declined by $28 billion to $3.19 trillion in May, the lowest level since December 2011, after a rise by $7.1 billion in April.
The decline was likely driven by a stronger U.S. dollar
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