China needs $5 trillion to save its economy — and it might not work anyway.
Read more: http://www.businessinsider.com/china-needs-5-trillion-to-save-its-economy-2016-1
The country is dealing with a falling currency, an incredibly volatile stock market, and thinning corporate margins in sectors that used to drive the country's growth.
As the yuan depreciates, cash is leaving the country at a stunning rate. In December alone China spent $108 billion of its $3.4 trillion foreign-exchange-reserve stash trying to keep the yuan from depreciating faster than it has. The country has stepped up already tight capital controls to keep its house in order,according to the Financial Times.
Read more: http://www.businessinsider.com/china-needs-5-trillion-to-save-its-economy-2016-1