chinas foreignexchange reserves fell significantly in august as prices of global financial assets dropped amid a strong us dollar the countrys hoard of foreign exchange stood at 3055 trillion at the end of august down 4918 billion from a month earlier according to data released by the peoples bank of china on wednesday economists had expected chinas forex reserves at 3065 trillion at the end of august given capital outflow in the bond market and a strong us dollar according to a poll by the wall street journal downward pressure on the global economy is increasing and international financial markets are fluctuating said wang chunying deputy head of chinas forex regulator in a statement