CHINA TOPIX

05/05/2024 05:20:52 am

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China's Foreign Reserve Continues to Drop - September Balance Now at $3.5 Trillion

China's central bank announced on Wednesday that its foreign reserve has dropped even further to around $3.5 trillion. Chinese monetary authorities and outside observers have pointed to several factors as the reasons behind the continuous flight of foreign currency out of the country.

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Investors Continue Selling, Efforts to Shore Up Chinese Stocks Fail

China's stock markets continued to lose value as soon as trade opened on Wednesday. A series of incentives and the filing of charges against market manipulators has failed to calm investors who are still selling their Chinese shares in droves.

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