Reply To: Traders Market Weekly: China, NVidia, BRICS and Jackson Hole Risks


China’s July FDI -4.0% YTD (expected 2.0%; last -2.7%)

The People’s Bank of China reportedly instructed state banks to intensify their interventions in the foreign exchange market to support the yuan.
Evergrande Real Estate filed for Chapter 15 bankruptcy in a New York court, seeking to restructure more than $19 bln in offshore debt.
Meanwhile, a district court in China froze Country Garden’s stakes in two property companies for three years.