The Traderszone Network

Published in TZ Latest News 11 March, 2015 by The TZ Newswire Staff

China’s Latest Spinning Plate: 10 Trillion In Local Government Debt

Over the past week, we’ve noted (twice) that Chinese QE is now practically inevitable. We learned recently that corporations’ FX deposits rose by some $45 billion in January which, remarkably, represents nearly half of the entire increase logged in 2014. This points to capital flight, as both companies and individuals are increasingly reluctant to hold the yuan in the face of slowing economic growth and the growing perception that devaluation is imminent.

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