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China Undergoes Massive Forex Reserves Loss, Pushes Bitcoin Higher

Started By Andrzej Srankiewicz , Feb 15 2017 05:53 PM
bitcoin china price market economics

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Andrzej Srankiewicz
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China is losing a good portion of its forex Reserves in, what is considered to be by many people, an attempt to raise the value of the Chinese Yuan. China, which got hit by hard monetary issues through most of 2016, still continues to struggle to completely offset its economic woes.After a series of attempts by the Government of China to put a halt to the capital outflow crisis, things have continued to worsen economically for China. With the forex reserves at six-year low with only $3 Billion, China seems to be heading in a bad economic direction. 

You can read the full article here: https://coinidol.com/china-undergoes-forex-reserves-loss-pushes-bitcoin-higher/


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