China’s foreign exchange reserves stood at USD3.2 trillion at the end of December, down USD63.5 billion from November, a decrease of 1.94%, Securities Daily reported citing data by State Administration of Foreign Exchange. The decline was mainly attributed to a stronger U.S. dollar which led to an overall fall in global asset prices. Export resilience, stable cross-border capital flows and the implementation of additional policies will help support the basic stability of fx reserves, the newspaper said citing analysts.
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