Brad Setser
@Brad_Setser
CFR senior fellow. Views are my own. Writes on sovereign debt, trade, fx reserves and capital flows.
Joined May 2016
1.1K Following 154.7K Followers
The real story in the Chinese data was that Chinese exporters started to move funds onshore, hence the rise in "Settlement", and that led to an increase in outflows via the state banks (most of the bond outflow is from the banks)
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