IN BRIEF (Page 16)

Forex reserves drop in February

China's foreign exchange reserves fell in February, the first drop since January 2017, official data showed on Wednesday. Forex reserves came in at $3.134 trillion in February, down $26.98 billion from a month earlier, according to data from the People's Bank of China. A retreat in the exchange rate of nondollar currencies against the US dollar and asset prices caused China's foreign exchange reserves to drop slightly. The size of China's forex reserves will remain basically stable, the country's forex regulator said.

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