SHANGHAI- China’s foreign exchange reserves dropped nearly $46 billion in October, the central bank said, their second-largest decline this year as capital outflows eat into the world’s largest stockpile.

The country’s hard currency reserves fell to $3.12 trillion last month, data from the People’s Bank of China (PBoC) showed, their fourth consecutive decline.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details