Over the weekend, FT noted that China’s central bank reported that companies and individuals sold RMB 684 billion ($109 billion) worth of foreign exchange and bought an equivalent amount of Chinese currency in January,a record for a single month. On the chart below, please point out the Chinese “hot-money” inflationary ticking time bomb (hint: highlighted). Why “time bomb”?
Read the complete article at ZeroHedge here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.