China's foreign exchange reserves fell to a five-year low

Baku. 8 September. REPORT.AZ/ In August 2016, China's foreign exchange reserves (excluding Hong Kong, Macao and Taiwan) decreased by 15.89 bln USD up to 3.185 trillion USD.

Report informs citing the Russian media, foreign exchange reserves have fallen to the lowest level since December 2011.

Notably, China's foreign exchange reserves in July decreased 4 times less than in August - by 4.1 bln USD.However, the rate of decline exceeded analysts' forecasts experts explain the situation by outflow of capital from the country.The process of capital flight is likely to last until the end of the year.In turn, further weakening of the country's national currency - the yuan is expected.