In February, RMB deposits declined by 80.6 billion. Foreign currency deposits increased by $18.7 billion, or roughly 115 billion yuan. The charts below are from January data, when FX deposit growth outpaced FX loan growth. Notice the ratio's relationship to the USD/RMB cross.
Construction sector drives jump in insolvencies
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New data from the Australian Securities & Investments Commission (ASIC)
shows a big jump in external administrations in March, with 7,742 firms
going und...
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