China’s Use of Derivatives to Hide Capital Flight Comes Unglued; Reserves Fall by Record Amount; “Worthless” Certificates of Confiscation
Thursday, January 7, 2016 15:44
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by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
China’s Forex Reserves Fall by Record $107.9 Billion
China’s foreign-exchange reserves are close to a three-year low, following the largest yearly decline ever.
Capital flight is not only intense, it’s accelerating so much that China has undertaken measures to hide the intensity. First, let’s consider the flight.
The Wall Street Journal reports China’s Forex Reserves Fall by Record $107.9 Billion on Yuan Fears.
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Source: http://financialsurvivalnetwork.com/2016/01/chinas-use-of-derivatives-to-hide-capital-flight-comes-unglued-reserves-fall-by-record-amount-worthless-certificates-of-confiscation/?utm_source=rss&utm_medium=rss&utm_campaign=chinas-use-of-derivatives
