"We Do Not Think This Is Sustainable": Barclays Warns On Massive Cost Of China's FX Intervention

From Zero Hedge:

"If the pace of FX intervention remains at USD86bn per month, we estimate that the PBoC could lose up to USD510bn of its reserves between June and December 2015, which would represent a nonnegligible decline of 14%."

http://www.zerohedge.com/news/2015-09-05/we-do-not-think-sustainable-barclays-warns-massive-cost-chinas-fx-intervention