This November China’s foreign exchange reserves fell to their lowest level since 2011
Date: 13:05, 07-12-2016.
Almaty. December 7. Silkroadnews – China’s volume of foreign exchange reserves has been reducing for five consecutive months; this November it amounted to $3.05 trillion versus $3.121 trillion in October, TASS agency writes.
Over the month foreign exchange reserves have decreased by 2.3% and reached the lowest level since 2011.
Last month reduction in China’s gold reserves volume made 7.37% and amounted to $69.785 billion.
Over the past ten years, China’s foreign exchange reserves grew rapidly at the expense of the Chinese goods exports. Since 2014 it began to decline due to diminution in demand for Chinese goods abroad, as well as the slowdown of the economy and changes in the international financial market.
