China's foreign-exchange reserves declined $25.8 billion to $3.188 trillion at the end of March due to the combined effect of a retreat in the exchange rates of non-dollar currencies against the U.S. dollar and changing asset prices, the People's Bank of China said Thursday, APA-Economics reports citing Wall Street Journal.
The result marked the third consecutive monthly decrease in forex reserves. It slightly beat the expectations of economists polled by The Wall Street Journal, which estimated the country's forex reserves to drop to $3.183 trillion.
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