China's Forex Reserves Drop Most On Record: What Does It Mean? Inflation Tsunami?
MishTalk
OCTOBER 8, 2015
China’s foreign-exchange reserves fell by a record in the third quarter as the central bank sold dollars to support the yuan after a surprise Aug. trillion, according to Bloomberg calculations based on data released by the People’s Bank of China on Wednesday. 11 devaluation sparked the currency’s steepest slide in two decades.
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