Official reports over the last couple years have pegged China’s foreign reserves at roughly 3.2 TRILLION dollars.
I’ve seen burn rates for the last year or two of anywhere from 200-400 billion dollars.
At those rates China has a 10 year plus cushion to right their economic ship.
The ones who are in greater danger are the Saudis who have something over 600 billion in reserves. Their burn rate is something like 50 billion annually. But even there, they have a 10 year cushion.
The Russians have around 400 billion in reserves with a burn rate of around 50 billion annually.
All of these people expect the current difficulties to end in 2016 or 2017 at the latest.
Hmm. This article is more an argument for further devaluations of the yuan — because the the chinese will have to let the yuan float or devalue it by fiat — rather than spend 100’s of billions monthly to protect the dollar peg.