“Chinese markets have had a turbulent start to 2016, buffeted by the PBOC’s lower yuan fixings against the dollar, two days of stock exchange suspensions, weak factory and service sector surveys, and worries about looming share sales by major stakeholders once a ban on such sales expires. The circuit breaker came under fire for kicking in too soon with its initial pause in trading, and then encouraging a rush to sell before a second trigger halted the day’s trade permanently. Sources told Reuters that China’s foreign exchange regulator has ordered banks in some trading hubs, including Shenzhen, to limit clients’ dollar purchases this month, the latest attempt to stem capital outflows.”
http://www.reuters.com/article/us-china-markets-idUSKBN0UM02K20160108
Tip Freedomwat.ch Staff with Bitcoin