China’s foreign-exchange reserves fell by a record $93.9 billion in August, a result of aggressive intervention in the currency market by the country’s central bank to prevent the yuan from free-falling and limit money leaving Chinese shores . The People’s Bank of China on Monday reported $3.56 trillion in its foreign-exchange holdings as of the end of last month, compared with $3.65 trillion as of July. China’s currency reserves, still the world’s largest, have been falling from a peak of $3.99 trillion in June 2014 as gathering fears of a deepening slowdown in the world’s No. 2 economy have led more businesses and investors to take money out of the country. Based on central-bank data, it was the largest single monthly drop in reserves in absolute terms, and the biggest fall in more than three years on a percentage basis. “Capital outflow is a big concern,” said an official […]