China Nov FX Fell by $69.06b to $3.052t

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Kevin Yao, China Nov Forex Reserves Fall More Than Expected to Lowest in Nearly 6 Years. Reuters, Dec 7, 2016.

Quote:

"China's reserves fell by $69.06 billion last month, the fifth straight month of declines and more than twice what economist had expected, central bank data showed on Wednesday.

"While China still has the world's largest forex reserves, they have steadily declined over the last two years to $3.052 trillion, levels not seen since March 2011.

"Last month's drop in reserves was the largest since January [$99.5 billion decline that month], when a sharp fall in the yuan and worries about China's slowing economy raised fears that Beijing could devalue its currency for a second year running, roiling global financial markets.