Currency experts fear a potentially drastic fall in China's foreign reserves in October, a shock that risks reviving last year's currency panic and further rattling fragile world stock markets.
Capital Economics warns that the headline figure is likely to drop by $100bn, five times as much as in September and the highest level since the global equity rout in January and February. The official data is released tomorrow in Beijing.
This would inevitably ring alarm bells among skittish traders, already on edge over the US elections and over expected monetary tightening but the US Federal Reserve.
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