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The case for tracking Chinese bank outflows instead of formal reserves
A post argues that China’s formal reserves have not changed in 10 years, while cumulative outflows through its banks exceed $3.5 trillion. It describes the banks as the main buyers of foreign bonds.
TLDR
A post argues that outflows through Chinese banks offer a better way to understand the impact of Chinese capital flows on the global economy than formal reserves. It puts cumulative bank outflows at more than $3.5 trillion and says formal reserves have not changed in 10 years.
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