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China's foreign reserves rise following capital controls

BEIJING (AP) - China's foreign exchange reserves rebounded unexpectedly from a six-year low in February after Beijing imposed controls to stop a flood of capital leaving the world's second-largest economy.

The reserves rose by a relatively modest $6.9 billion to just over $3 trillion, according to official data Tuesday, while private sector analysts had expected them to shrink.

The central bank has been spending the reserves them to keep the currency in line with the dollar after exp

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