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SHANGHAI, Dec 27: China’s foreign currency reserves rose at the slowest pace in 18 months in November, an official newspaper reported on Tuesday, in what analysts said was new evidence that speculative demand for the yuan may be ebbing. Still, the $9.3 billion increase boosted the reserves, the world’s biggest after Japan’s, to a record $794.2 billion, the China Business News said, citing sources familiar with the data.
The paper has previously reported the reserves accurately ahead of their official release.
The reserves rose $15.9 billion in October, according to the paper, compared with a $15.8 billion increase in September.
—Reuters
