China's September Forex Reserves Fall

Date: 06 October 2019 - 21:28

News ID: ۷۱۳۸۲

BEIJING (Reuters) - China's foreign exchange reserves fell more than expected in September despite the yuan rebounding from its biggest monthly drop in 25 years in August amid a cooling domestic economy and rising Sino-U.S. trade tensions.
The country's foreign exchange reserves - the world's largest - fell $14.8 billion in September to $3.092 trillion, according to data from the country's foreign exchange regulator Sunday.
Economists had expected reserves would fall by $6 billion from August to $3.101 trillion.
The fall in September was due to fluctuations in foreign exchange rates and in the price of assets, the foreign exchange regulator said in a statement after the data release.