3 ms·
There is no argument, it's a fact. There is capital flight out of China. Their FX reserves have plummeted because they are trying to support the Yuan from dropp
by partiallypro 9y ago
There is no argument, it's a fact. There is capital flight out of China. Their FX reserves have plummeted because they are trying to support the Yuan from dropping off the side of a cliff.
- AlexCoventry 9y ago> Their FX reserves have plummeted On what timescale? WP says they have $3T, same as 2016. https://en.wikipedia.org/wiki/Foreign-exchange_reserves_of_China https://en.wikipedia.org/wiki/Foreign-exchange_reserves_of_C...
- partiallypro 9y agoSays the very Wikipedia article you just linked? https://www.reuters.com/article/us-china-economy-forex-reserves/china-jan-fx-reserves-fall-below-3-trillion-for-first-time-in-nearly-6-years-idUSKBN15M0PH https://www.reuters.com/article/us-china-economy-forex-reser...