via /r/bitcoinmarkets: Why would China boost the price while others don't?
https://www.reddit.com/r/BitcoinMarkets/comments/3vvw48/daily_discussion_tuesday_december_08_2015/cxrjeww
Money is flying out of China
CNNMoney New York December 7, 2015: 6:09 PM ET
On Monday, China's central bank reported $3.4 trillion in foreign exchange reserves, the lowest level since early 2013. November was one of the biggest drops ever.
Many investors are trying to get at least some of their money out of the country. Many Chinese see better opportunities abroad, whether it's real estate in New York or London, pricey art, or stocks and bonds in other countries.
Exact data is hard to come by from China, but Capital Economics forecasts that November set a record for people moving money out of China -- so-called capital outflows.
"Today's data suggest that capital outflows picked up sharply last month," says Julian Evans-Pritchard, chief China economist for research firm Capital Economics.
All the evidence suggests that money has been flowing out of the country at a rapid pace since August when China stunned the world with a surprise devaluation of its currency, the yuan.
The Chinese government simply declared that all of a sudden, the yuan was worth less.
That caused a major selloff in the Chinese stock market and worries that China's economy is slowing down even more than the government is letting on.
When money leaves China, it means people are trading their yuan for dollars, euros and other currency. That makes the yuan fall even further in value.
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http://money.cnn.com/2015/12/07/news/economy/china-foreign-exchange-reserves-shrinking/