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China Just Blew Through A Quarter Of Its Foreign Currency Reserves

December 14th, 2016 · No Comments

  • China, the currency manipulator, has spend $1 trillion in propping up the yuan in two years. It’s forex reserves declined from $4 trillion to $3 trillion.
  • How long can they keep this up?
  • Unlike earlier episodes, when markets sold off hard on news of this kind, markets haven’t budged. For how long?

China Just Blew Through A Quarter Of Its Foreign Currency Reserves

Tags: China · currencies