BEIJING: China’s foreign exchange reserves fell $28.57 billion in February, slightly less than expected and easing from January’s slump, suggesting the central bank is scaling back its interventions to support the yuan as capital outflows slow. Still, China’s foreign reserves declined for a fourth straight month, and the $3.20 trillion at the end of February was the lowest level since December 2011, data from the People’s Bank of China showed on Monday. China’s reserves are still the world’s largest, but it has been burning through them at such a pace that some analysts believe Beijing might soon have to allow a sharp fall in the value of the yuan or back-pedal on liberalisation and tighten capital controls.