CRI听力:China's Forex Reserves Fall in November

Latest figures show China's foreign exchange reserves have fallen to their lowest level in more than two years.

They fell by 87.2 billion U.S. dollars, to 3.4 trillion U.S. dollars at the end of November.

The fall last month follows an 11.4 billion dollar month-on-month rise registered in October.

Before that, reserves declined for five months in a row from May to September.

Fuelled by exports, forex reserves grew for more than a decade before beginning their decline in the third quarter of last year.

In the third quarter of this year, forex reserves fell by 180 billion dollars, much more than the 40 billion dollar decrease in the second quarter, a fifth consecutive quarterly drop.

For more on this, CRI's Bob Jones spoke with Gao Shang, senior analyst with Guantong Futures.