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China central bank: More reasonable analysis needed in facing market fluctuations

China’s foreign exchange reserves have fallen for four months in a row. It is a result of the dumping of US dollars by the central bank to ease depreciation pressure on the yuan and prevent an increase in capital outflows. Authorities say China’s foreign exchange reserves decreased by 28.57 billion US dollars to 3.2 trillion US dollars in February, the lowest since December 2011. Central bank head Zhou Xiaochuan suggests people to go back to market fundamentals when facing fluctuations.
 
 

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