China’s international reserves shrunk in February amid a strengthening dollar and a drop in global asset prices, according to data published on Monday by the PBoC, as the Chinese central bank is known.
At the end of February, the reserves of the world’s second largest economy totaled US$ 3.214 trillion, representing a decrease of US$ 7.8 billion compared to January.
Last month’s result was practically in line with the expectations of analysts consulted by the The Wall Street Journalwhich estimated the amount of reserves at US$ 3.216 trillion.
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