China’s Use of Derivatives to Hide Capital Flight Comes Unglued; Reserves Fall by Record Amount; "Worthless" Certificates of Confiscation

Chinese capital flight is undoubtedly higher than the Wall Street Journal chart shows. For an explanation, please consider China Finds More Discreet Ways to Support the Yuan . Just because China is burning through its reported foreign-exchange reserves more slowly doesn’t mean it’s losing its commitment to support the yuan.

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China’s Use of Derivatives to Hide Capital Flight Comes Unglued; Reserves Fall by Record Amount; "Worthless" Certificates of Confiscation