China’s Nov forex reserves ease to $3.096 trillion, focus stays on trade talks

Financial Post | Dec 7, 2019 at 4:03 AM
  • China’s foreign exchange reserves fell $9 billion in November to $3.096 trillion, central bank data showed on Saturday, as Washington and Beijing remained locked in negotiations over an interim trade agreement.
  • After sliding sharply this summer as the dispute suddenly escalated, the yuan rose for three straight months through November on hopes of a trade truce, only to slide again in early December as tensions between Washington and Beijing flared.
  • The value of the country’s gold reserves fell to $91.47 billion at the end of November from $94.65 billion at the end of October.