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China’s Foreign-Exchange Reserves Shrank Faster Than Expected

Peoples Bank of China Beijing

China’s reserves dropped by $15.89 billion last month, versus a forecast $2 billion decline BEIJING—China’s foreign-exchange reserves shrank modestly in August, though at a faster pace than projected, suggesting capital outflow pressure may have increased slightly. China’s reserves, the world’s largest, fell by $15.89 billion over last month, to $3.185 ...

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