China says its forex reserves relatively abundant despite drop
As China's foreign reserves, the world's largest, dipped to over three year low to USD 3.3 trillion last month, the government has said USD 107.9 billion shortfall was partly caused due to US interest rate hike and assured the public that there was still "relatively abundant" reserves.
Jan 10, 2016, 14:37 PM IST
China's foreign reserves fall to $3.44 trillion, a near three-year low
The country's foreign exchange stockpile, the world's biggest, declined to USD 3.44 trillion last month, down USD 87.2 billion from October, according to figures released by the State Administration of Foreign Exchange (SAFE).
Dec 07, 2015, 17:53 PM IST
