Bullion News

China lost one trillion dollars in reserves when the exchange rate moved from 6.2 to 6.9 over the course of two years.China lost one trillion dollars in reserves when the exchange rate moved from 6.2 to 6.9 over the course of two years.
Today, the exchange is close to covering that same distance in just two months. The next FX reserves data will be key
China’s total credit market debt rose from $7T to $35T (~500%) in the last 9 years. Yet, despite it all, GDP and monetary velocity continue to decline
Source : IWB