China Reserves Flatline for 6th Consecutive Month

Forex reserves fell by $4 billion USD and increased by SDR 6 billion. Reserves have effectively flatlined for 6 months thanks to intervention of one form or another, and calm financial markets. Nice time to be building bearish positions.

Bloomberg: China’s Foreign-Currency Stockpile Stabilized at $3.2 Trillion
Reuters: China's July forex reserves fall to $3.20 trillion

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