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Goldman Reveals How China Is Covering Up Hundreds Of Billions In Capital Outflows

By: micro1 in POPE IV | Recommend this post (3)
Tue, 05 Jul 16 5:38 AM | 47 view(s)
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Far from being fixed, China's capital outflow and FX intervention (and resultant reserve depletion) problems are only getting worse by the month. Only now, the PBOC is actively covering them up. Conveniently Goldman has disclosed precisely how the PBOC has covered up as much as $170 billion in FX outflows in the first quarter, more than 100% of the officially reported $123 billion. In other words, instead of $330 billion in Chinese FX outflows since October, the real number is 50% greater, or half a trillion. Here's the math.

http://www.zerohedge.com/news/2016-07-04/goldman-reveals-how-china-covering-hundreds-billions-capital-outflows

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