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China's Forex Reserves Drop
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China's foreign exchange reserves decreased by $18.66 billion to $3.219 trillion in January 2024, driven by increased capital outflow pressure due to a stronger U.S. dollar and a weaker yuan.
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How does China's forex reserves decline compare to other major economies and what implications does it have for global financial stability?
How might the decrease in China's forex reserves affect its ability to support its currency and defend against capital outflows?
What strategies could China employ to mitigate the impact of currency fluctuations on its financial position?
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