drain of exchange reserve
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外汇储备的数量并不是中国资金外流的完美衡量。
The reserves are a far from perfect measure of money leaving China.
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外汇储备急剧下跌可能会导致更多人设法将持有的人民币兑换成其他货币，造成资本外流。
A sharp fall could lead even more people to find ways to convert their renminbi into other currencies, resulting in an exodus of money from the country.
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