Fri, 13 Jan 2012 08:44:14 GMT
China foreign exchange reserves decline first time since 1998
Chinese foreign exchange reserves fell in the fourth quarter for the first time since 1998, said People's Bank of China in its statement. The world's largest foreign exchange holdings dropped from $3.2 trillion on September to $3.18 trillion by the end of December last year. The decline may spur China's reluctance to appreciation of Yuan.