Forex reserves decline by 2.2% in November

Govt moves to rein in risks associated with overseas investments in hotels, real estate

The recent strengthening of the US dollar played a key role in the drop in China's dollar-dominated forex reserves last month, but capital outflow pressure will not persist for long because market speculation is expected to wane after the US Federal Reserve makes its interest rate decision, said analysts.

Official data on Wednesday showed that the foreign exchange reserves fell by $69.1 billion to $3.05 trillion in November.