China’s foreign exchange reserves fell for third consecutive month in March amid capital outflows

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China’s foreign exchange reserves shrank by $25.8 billion or 0.8% in March to $3.188 trillion at the end of March, falling for the third consecutive month, amid ongoing outflows from equities and bonds following the war in Ukraine.

The decline was mainly attributable to price changes in the global financial market and volatility in the foreign exchange market, official said.