Chinese foreign exchange reserves fell $43.26 billion in September, smaller than August's record $94 billion drop amid signs that the government's extraordinary scramble to stabilize the exchange rate has lessened the intensity of capital outflows. The People's Bank of China said Wednesday that China's foreign exchange reserves now stand at $3.5141 trillion, implying a $478.9 billion drop from the $3.993 trillion peak set in June last year. The data, which the central bank only began publishing on a monthly basis from July, has become an important gauge of capital flows in and out of China in the wake of the surprise ... (full story)