Posted on 01/09/2016 6:28:54 AM PST by TigerLikesRooster
China FX reserves fall $512.66 bln in 2015, biggest annual drop on record
Thursday, 7 Jan 2016 | 4:43 AM ET
China's foreign exchange reserves, the world's largest, fell $107.9 billion in December to $3.33 trillion, the biggest monthly drop on record, central bank data showed on Thursday.
The December figure missed market expectations of $3.40 trillion, according to a Reuters poll.
China's foreign exchange reserves fell $512.66 billion in 2015, the biggest annual drop on record
(Excerpt) Read more at cnbc.com ...
P!
The central bank is selling dollars and buying yuan to keep their currency up actually.
They are having some capital flight issues.
But a bad year in China is still 6% growth.
Bad Chinese growth years are like good years; it’s whatever they want. Like Chico Marx, “Hey, I gotta a lotta numbers”.
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