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China’s forex reserves fall for third straight month in July

Updated: Aug 7,2015 5:50 PM     Xinhua

BEIJING — China’s foreign exchange reserves fell to $3.6513 trillion at the end of July, the country’s central bank announced on Aug 7.

The country’s foreign exchange reserves decreased by a total of $42.5 billion in July, marking the third consecutive month of falling forex reserves, according to the People’s Bank of China.

Meanwhile, the country’s gold reserves also fell from $62.397 billion at the end of June to $59.238 billion at the end of July.

China’s forex reserves fell by $40 billion in the second quarter of 2015, marking a seven-quarter low and a four-quarter consecutive drop.