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China Says Forex Reserves Fall amid Rising Dollar: Times

CHINA PRESS
MNI (Singapore)

China's foreign exchange reserve fell by 0.97% at the end of September from a month ago to $3.2 trillion, as the rising dollar index led to falling prices of financial assets of "major countries,", the Securities Times said citing Wang Chunying, the spokeswoman of the State Administration of Foreign Exchange. China's "resilient" growth will keep the forex reserve stable, but it needs further boost demand and balance risks amid risks ranging from the pandemic to changes in the U.S. monetary policy, the newspaper said citing analyst Wen Bin of Minsheng Bank.

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