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China's yuan funds for foreign exchange rise

2012-10-20 22:04 Xinhua     Web Editor: Zang Kejia comment

China's financial institutions saw their yuan funds outstanding for foreign exchange increase 130.68 billion yuan (20.71 billion U.S. dollars) in September after two months of falls, data from the central bank showed Friday.

The funds have been shrinking since July as a result of slowing foreign trade and dropping foreign direct investment amid global economic woes, according to figures from the People's Bank of China.

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