Wednesday, 07 December 2016 13:33
BEIJING: China's foreign exchange
reserves fell for a fifth straight month in November and by more than expected
to the lowest since March 2011, as authorities struggled to shore up the
sliding yuan currency in the face of a relentlessly rising dollar. Reserves fell by $69.06 billion last
month to $3.052 trillion, central bank data showed on Wednesday, following a
drop of $45.7 billion in October.Economists polled by Reuters had
expected reserves to drop $30 billion to $3.091 trillion, from $3.121 ...