China’s Forex Reserves Fall by Record $93.9 Billion on Yuan Intervention

[NewsFeeder]

China’s Forex Reserves Fall by Record $93.9 Billion on Yuan Intervention

[at The Wall Street Journal] - China’s foreign-exchange reserves fell by a record $93.9 billion in August, a result of aggressive intervention in the currency market by the country’s central bank to prevent the yuan from free-falling ...

China

 

[burrocrat]

China’s Forex Reserves Fall by Record $93.9 Billion on Yuan Intervention

[at The Wall Street Journal] - China’s foreign-exchange reserves fell by a record $93.9 billion in August, a result of aggressive intervention in the currency market by the country’s central bank to prevent the yuan from free-falling ...

China

if when china sells $1 trillion of u.s. treasuries (our debt) the stock loses 10%, what happens when they and the other holders of our debt sell te other $17 trillion of our debt? does the market tank 170%? is that even possible to lose 170%? and who do they sell it to? does that mean the debt retires and goes away? or does somebody else just own it now and they could make the market drop another 10-180% by selling it again? well, it was fun being the most popular kid on the block, for a while.