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Position for Foreign Exchange Purchases Continue to Decrease

Source: PBOC, ChinaScope Financial (Data)
+  The Central Bank yesterday announced that the gross position in foreign exchange purchases of Chinese banks decreased by RMB 27.9 billion from October to November. This is the second month in a row with negative growth, last month the reserves decreased by RMB 24.9 billion.
+  The Ministry of Commerce released data showing that realized foreign investments into China fell nearly 10% year-on-year in November, which contributed to the drop in the position for foreign exchange purchases.