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Are China’s falling forex reserves a reason for concern?

China’s foreign exchange reserves dropped by 99.5 billion US dollars in January to stand at 3.23 trillion US dollars, the Xinhua News Agency reported on Sunday quoting the country’s central bank. The decrease was milder than a month-on-month decline of 108 billion US dollars that was seen in December. That was the sharpest monthly fall on record, data from the People’s Bank of China (PBOC) showed.

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