China's foreign exchange reserves declined on a quarterly basis for the first time in more than a decade from$3.2 trillion at end September to $3.18 trillion by end of December,2011 because of a shrinking trade surplus and accelerating capital outflows. The People\'s Bank of China is reported to suspend sales of central bank bills and conduct reverse repurchases before the Chinese New Year on Jan 23, to allow banks to have more money to lend.