When 3 Trillion Just Isn't Enough: Analysts Fret Over "Worrying" China Reserve Burn
// Zero Hedge
"China Finds $3 Trillion Just Doesn't Pack the Punch It Used To," a Bloomberg headline from Friday morning reads.
"China's $3 trillion-plus in foreign currency reserves, the biggest such stockpile in the world, would seem to be a gold-plate insurance policy against the country's current market chaos, a depreciating currency and torrent of capital leaving the country," Bloomberg writes, before citing a number of sources who say that in reality, $3 trillion aint what it used to be.
"Some Chinese reserves may have already been committed to fund pet government projects like the Silk ...Shared via my feedly reader
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