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China In-Focus — Asian giant's April forex reserves fall; US, Chinese regulators in talks for audit deal; Tesla targets pre-lockdown output in Shanghai – Arab News

May 9, 2022
Source: forex0127.com forex0127.com
News Snapshot:
China In-Focus — Asian giant's April forex reserves fall; US, Chinese regulators in talks for audit deal; Tesla targets pre-lockdown output in Shanghai – Arab News BEIJING: China’s foreign exchange reserves fell by $68 billion in April, the biggest drop in five and half years, official data showed on Saturday, as the dollar climbed while foreign investors dumped Chinese stocks amid worries about the slowing economy. The country’s foreign exchange reserves — the world’s largest — fell to $3.12 trillion last month from $3.18 trillion in March, the biggest monthly drop since November 2016. Analysts polled by Reuters had expected...
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