China Capital Flight Panic Erupts: FX Outflows Hit $75 Billion, Highest Since 2015 Devaluation

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by Tyler Durden
Friday, Oct 20, 2023 - 06:45 PM

In recent days (here, here and here) we have focused on a topic few are paying much attention to, namely the unprecedented liquidations of US FX reserves by Beijing, not only Treasuries which have been sold aggressively by China alone...

... or in conjunction with its international proxy Belgium for the past three years...