China’s foreign exchange reserves climb for 10th straight month
China’s foreign exchange reserves rose for a 10th straight month in November, though slightly less than market expectations, as tight regulations and a strong yuan continued to discourage capital outflows.
Capital flight had been seen as a major risk for China at the start of the year, but a combination of tighter capital controls and a faltering dollar helped the yuan stage a strong turnaround, bolstering confidence in the economy.
Reserves rose US$10 billion in November to US$3.119…
Source: China News
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