CHINA-ECONOMY
The People's Bank of China reported on January 7, 2017, that China’s foreign exchange reserves fell by US$41 billion to US$3.011 trillion in December. The December figure is the sixth straight monthly fall in the country’s foreign exchange reserves. The reserves declined by US$69.06 billion in November. (Comment: The decline was less than expected but still edged the reserves closer to a drop below the US$3 trillion mark that could rattle confidence in the currency.)
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