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China’s foreign exchange reserves drops $9 billion in November

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China’s foreign exchange reserves dropped $9 billion in November to $3.096 trillion, central bank data showed on Saturday, as China and the US remained locked in negotiations over a partial trade deal.

Wang Chunying, a spokesperson for the State Administration of Foreign Exchange (SAFE), said that the change of forex reserves was due to multiple factors including exchange rates and changes in asset prices.

Factors including the global economic growth, monetary policy expectations . . .

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