China’s foreign exchange reserves fell unexpectedly in September

 

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China’s foreign currency reserves unexpectedly fell in September as the global economy was pressured by the coronavirus pandemic.

The country’s foreign exchange reserves, the largest in the world, stood at $3.143 trillion, compared with $3.169 trillion tipped by a Reuters poll of analysts and $3.165 trillion in August, according to data released by the State Administration of Foreign Exchange (SAFE) on Wednesday.

China's foreign exchange market demand and supply in September and cross-border fund flows were generally stable, said Wang Chunying, spokesperson for the SAFE.

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