China's Forex Reserves Drop Most On Record: What Does It Mean? Inflation Tsunami?
MishTalk
OCTOBER 8, 2015
trillion, according to Bloomberg calculations based on data released by the People’s Bank of China on Wednesday. If China isn't going to expand its balance sheet anymore, that means it has to stop buying treasuries. 11 devaluation sparked the currency’s steepest slide in two decades. So what's it mean? Now what does that mean?
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