China’s foreign exchange reserves fell $15.54 billion in July to $3.104 trillion, ending a two-month gaining streak, according to data released by the People's Bank of China on Wednesday.
That's compared with a drop of $18 billion to $$3.101 trillion expected by analysts polled by Reuters and the median estimate of $3.105 trillion in Bloomberg’s survey. Some analysts say the smaller-than-expected drop was likely due to fluctuations in global . . .
To continue reading, please subscribe. You will get
- An indispensable and reliable source of information on China's economy and financial markets
- Original and in-depth reporting
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a real-time financial news platform focused on China
- Daily Brief newsletter to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.
Already have an account? Sign In