China Trade Plunges, Yuan Tumbles Near Lowest Level In 4 Years

With just nine days until The Fed - which has prepared the world, apparently - will raise rates for the first time in years (and potentialy suck up to $800 billion of liquidity from the global collateral chains of shadow stability), it appears China is doing its best to start some destabilizing efforts (which worked last time). None of this is helped by the collapse in China trade (with imports down YoY for a record 13th month, and exports falling for 5 straight months).

 

Onshore Yuan ands Shanghai Composite volatility is rising notably as the Chinese currency continues to be allowed to tumble, set for its weakest close against the USDollar in 4 years...

 

And Chinese equity markets remain supported for now, but underlying selling pressure keeps reappearing...

 

Charts: Bloomberg