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China forex reserves fall by $320billion in 2016
10 years ago(FILES) This file photo taken on January 7, 2016 shows an employee counting 100-yuan (15 USD) banknotes at a bank in Lianyungang in eastern China's Jiangsu province. China said on December 29, 2016 it would almost double the number of foreign currencies it uses to determine the official value of the yuan, thereby diluting the role of the dollar. STR / AFP
China's foreign exchange reserves fell by $320 billion last year, Beijing announced Saturday, as authorities sought to support the yuan against a soaring dollar which is encouraging capital outflows.
