China's Forex Reserves Drop Most On Record: What Does It Mean? Inflation Tsunami?
MishTalk
OCTOBER 8, 2015
If China isn't going to expand its balance sheet anymore, that means it has to stop buying treasuries. When China stops expanding its balance sheet, that also means that the Chinese currency is going to appreciate, and China said it will allow that appreciation to happen. But there it is, in video form.
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