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China faces yuan dilemma as foreign reserves dwindle

Smugglers are known to bring yuan to money changers at Shenzhen's Futian Checkpoint, a gateway to Hong Kong.

SHANGHAI -- Investors are bracing for further downward pressure on the Chinese yuan, as foreign exchange interventions push the country's currency reserves to the lower limit. 

     China's foreign currency stockpile stood at $3.2 trillion as of the end of February, down about $600 billion in about a year. 

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