Is #China Spending $100 Bn/Month Defending The Yuan?

$100 billion here, $100 billion there, soon it starts to add up -even when you, supposedly, have $3 trillion in reserves... 

Even if China’s foreign exchange reserves are as large as Beijing
reports—unlikely—and even if all the holdings are as liquid as claimed
to be—also doubtful—China can burn through its large pile of forex
faster than anyone can now imagine. In a year or two the mound of
dollars, euros, and yen can be depleted.

 Read the whole article on Forbes here: Is China Spending $100 Billion A Month Defending The Yuan?

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-- The MasterFeeds