China’s FX reserves sink to lowest in four years
Reserves fall by $27.93 billion to $3.192 trillion in May
China's foreign exchange reserves fell in May to their lowest level in more than four years, due to rising pressure from a stronger dollar.
Figures published by the People's Bank of China (PBoC) show FX reserves sliding by $27.93 billion to $3.192 trillion, after rising for two consecutive months – wiping out the $17 billion worth of gains posted in March and April.
While China's FX buffer of $3 trillion remains substantial, economists wonder how long the PBoC will be able to sustain a similar
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