China's foreign currency reserves dropped to $3.2Trillion



China's foreign currency reserves dropped for the fourth consecutive month in February, falling $28.75B to $3.2T (the lowest level since 2011), but a slower pace of decline suggested that the recent stability of the currency markets has eased pressure on the central bank to intervene aggressively.

The country's forex reserves have come under close scrutiny in recent months for clues on the size of capital outflows as well as the ability of policymakers to support the Chinese yuan.

China's forex reserves fall in February
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