China's choices narrowing as it burns through forex reserves to support yuan

By Nichola Saminather SINGAPORE (Reuters) - As China's foreign exchange reserves threaten to tumble below the critical $3 trillion (2.44 trillion pounds) mark, the biggest fear for investors is not whether Beijing can continue to defend the yuan but whether it will set off a vicious cycle of more outflows and currency depreciation. Data this week is expected to show China's forex reserves precariously perched just above $3 trillion at end-December, the lowest level since February 2011, according