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China forex reserves rebound above $3 tn

China forex reserves rebound above $3 tn

Tuesday, March 7, 2017, 4:55 PM

China's foreign exchange reserves unexpectedly rose for the first time in eight months in February, rebounding above $3 trillion as a regulatory crackdown and a steadying yuan helped staunch capital outflows. It marked a rebound from January when the reserves dropped by $12.3 billion to below the psychologically significant $3 trillion thresholds for the first time in six years.
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