China's forex reserves dropped to $3.18T at the end of Q4 from $3.2T at the end of Q3, the first...

|By:, SA News Editor
China's forex reserves dropped to $3.18T at the end of Q4 from $3.2T at the end of Q3, the first quarterly drop since 1998 and the Asian financial crisis. A lack of transparency in China's official data makes the decline hard to explain, but contributing factors likely included capital outflows, a shrinking trade surplus and euro weakness.