Andrzej Srankiewicz

China Undergoes Massive Forex Reserves Loss, Pushes Bitcoin Higher

1 post in this topic

997d9801d05d93ba6afdf6981d814720.jpg

 

China is losing a good portion of its forex Reserves in, what is considered to be by many people, an attempt to raise the value of the Chinese Yuan. China, which got hit by hard monetary issues through most of 2016, still continues to struggle to completely offset its economic woes.After a series of attempts by the Government of China to put a halt to the capital outflow crisis, things have continued to worsen economically for China. With the forex reserves at six-year low with only $3 Billion, China seems to be heading in a bad economic direction. 

You can read the full article here: https://coinidol.com/china-undergoes-forex-reserves-loss-pushes-bitcoin-higher/

Jimmy likes this

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.