Could China Have a Reserves Crisis? (Benn Steil, Emma Smith, CFR)

Last summer, U.S. lawmakers were condemning China for pushing down its currency, arguing that it was still “terribly undervalued.” But those days may be long gone. Chinese and foreigners alike have been stampeding out of RMB, leaving the Chinese central bank struggling to keep its value up and prevent a rout.

http://blogs.cfr.org/geographics/2016/02/10/chinareserves/