China’s Foreign Exchange Reserves Fell by $9 Billion in November

China’s Foreign Exchange Reserves Fell by $9 Billion in November
Investors monitor stock price movements at a securities company in Beijing on June 15, 2016. Greg Baker/AFP/Getty Images
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News Analysis
China’s foreign exchange reserves fell by a larger than expected $9 billion, as its balance of payments surplus continues to evaporate with exports down and imports up.