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MNI DATA IMPACT: China FX Reserves Shrink First in 6 Months 

     BEIJING (MNI) - The value of China's FX reserves fell for the first time in
April, ending five monthly increase. Here are the key takeaways from data by the
State Administration of Foreign Exchange on Tuesday:
     - FX reserves fell by $3.81 billion to $3.0950 trillion from March at
$3.0987 trillion. 
     - The slight decline was mainly due to exchange rate conversion and asset
price fluctuations, according to SAFE.
     - China's FX reserves are expected to stay generally stable, and
cross-border capital flows will remain in equilibrium amid Chinese economy
stabilizing, SAFE spokeswoman Wang Chunying said in a statement. 
     - The yuan lost 0.24% against the U.S. dollar in April, Wind data showed.
The dollar index edged up 0.2% in April, the SAFE said.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: MAQDS$,M$A$$$,M$Q$$$,MT$$$$]
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