China’s foreign-exchange reserves edged down in October amid a slightly weaker yuan, official data showed Tuesday.
The country’s forex reserves–the world’s largest–dropped by $13.846 billion to $3.1012 trillion in October, according to the foreign-exchange regulator.
The result was close to the $3.0975 trillion forecast made by economists polled by The Wall Street Journal.
The decline may be due to capital outflows from the country spurred by a weakening yuan amid persistent economic headwinds, the surveyed economists said.
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