Expect another drop in China's foreign exchange reserves in December, says Li Yang,...

|By:, SA News Editor

Expect another drop in China's foreign exchange reserves in December, says Li Yang, formerly an adviser to the PBOC. "(They) started to decline from the end of September ... and as of now this month, are basically falling every day." It's been suspected the cut in China's RRR last week was in response to capital exiting the country.