China's foreign exchange reserves had declined reaching to trillions. However, the government made efforts to support the local currency from dropping further.
Chinese Stocks
Breaking News
The China Securities Financial Corporation (CSFC) has returned ahead of schedule some of the funds it borrowed from commercial banks to stabilize the stock market, three people in the banking industry with direct knowledge told Reuters.
Chinese firms advanced after its stocks rose following the rally of consumer discretionary companies, property developers and coal producers.
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