World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Group
China's potential capital outflows in 2016-2017 if 1-2% of the urban population convert the max of $50,000 from yuan to dollars- $370 billion -$740 billion
01/15/2016
The most affluent of the $737 million Chinese in cities could become nervous about loss of value in the currency and convert up to the maximum of $50,000. This would lead to larger capital outflows than the PBOC has in mind., says Aaron Back of the WSJ in Jan. 2016. This worries the central bank PBOC, because the reserves of $3.3 trillion include illiquid investments such as loans to Venezuela on oil assets, the Asian Infrastructure Bank and other investments. With its large and aging population China also has to keep reserves for future Social Security and other plans.
Grouped Articles
China’s Jittery Savers Could Pose Capital-Flight Threat
Wall Street Journal 01.15.2016
Economist 01.19.2016
Currency War: U.S. Hedge Funds Mount New Attacks on China’s Yuan
Wall Street Journal 02.01.2016
China’s Forex Reserves Plunge to More-Than-Three-Year Low
Wall Street Journal 02.08.2016
Wall Street Journal 02.08.2016
China Stanches Flow of Money Out of the Country, Data Suggests
New York Times 04.07.2016
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us