Russia Shows Why China Should Just Stop Burning Up Its Reserves – Bloomberg

Russia Shows Why China Should Just Stop Burning Up Its Reserves
Bloomberg
China has wiped out about a quarter of the world's heftiest foreign-currency stockpile over the past 18 months in its quest to keep the yuan stable. According to Commerzbank AG, such intervention is futile. Data Tuesday showed China's foreign reserves …
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New York Times –MarketWatch –TheStreet.com –Barron’s (blog)
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