China’s foreign-exchange reserves fell in July
– Reserves declined by $43 billion in July to $3.65 trillion
– The least since August 2013
– 3rd month in a row of declines in reserves
"The drop reflects the central bank’s intervention in the market to keep the yuan stable, as well as the continued capital outflows," said Li Miaoxian, a Beijing-based economist at Bocom International Holdings Co (via )