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Business / Economy

China's foreign exchange reserves decline in August

(Xinhua) Updated: 2016-09-07 17:38

BEIJING - China's foreign exchange reserves fell to $3.185 trillion at the end of August, down from $3.201 trillion in July, the central bank said Wednesday.

It was a decline for the second month running, according to the bank.

Due to concerns over a weak yuan and capital outflows, China's forex reserves have been in broad decline since last November, but reserves returned to growth in March due to signs of stabilizing economy.

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