China's Capital Flight Could Fuel Bitcoin’s Next Rally
Wednesday, 24 April 2024 () Last October, when we pointed out that China's FX outflows had just hit a whopping $75BN - the single biggest monthly outflow since the 2015 currency devaluation - we concluded that the "unfavorable interest rate spread between China and the US will "likely imply persistent depreciation and outflow pressures in coming months", or in other words, September's biggest FX outflow in years is just the beginning, and very soon - in addition to geopolitics and central banks - the world will also be freaking out about the capital flight out of China...…
US Secretary of State Antony Blinken met Chinese President XI Jinping as he wrapped his visit to China on April 26. While the two pointed to improvements in ties between the two countries, there were..
Secretary of State Antony Blinken met with Chinese President Xi Jinping in Beijing on Friday as he wrapped up a three-day visit to China dominated by contentious issues and warnings from his hosts of..
Mumbai Becomes Asia's , Billionaire Capital , on Global Rich List.
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 24 April 2024 ()
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