RISK: China’s Selling Treasuries to Help Fund Yuan Stabilization
Posted on 08/27/2015
China is at serious risk of burning tens of billions of foreign reserves to keep the yuan stabilized. At a minimum, US$ 100 billion of reserve assets have been sold in the last two weeks by China’s central bank. On August 27th, the People’s Bank of China auctioned 150 billion yuan (US$ 23.4 billion) of […]
