What Will China Dump Next, After Treasuries, to Keep Control?
Monday, January 11, 2016 21:21
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by Wolf Richter
Wolf Street
“Practically boundless” future capital outflows.
“Beneath all of the financial turbulence there lurks, in my view, a credit crisis; I fear the worst now,” UBS economic adviser George Magnus told Bloomberg TV today. The reform agenda “has stalled,” he said, and “things are looking much bleaker for China going forward.”
And so on Monday, we got another flavor of it.
The Shanghai Composite index plunged 5.3%, to 3016, down 15% so far this year.
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Source: http://financialsurvivalnetwork.com/2016/01/what-will-china-dump-next-after-treasuries-to-keep-control/?utm_source=rss&utm_medium=rss&utm_campaign=what-will-china-dump-next-after-treasuries-to-keep-control
