Deutsche Bank: It's Chinese 'Quantitative Tightening' That's Been Slamming Markets Around the World

Forget QE. Now it's all about QT.

The People's Bank Of China (PBOC) headquarters on Saturday, Nov. 8, 2014.

Tomohiro Ohsumi/Bloomberg

The recent selloff in global markets has been largely associated with what's going on in China (the yuan devaluation, the Shanghai Composite plunge, the slowing growth). But Deutsche Bank's FX Strategist George Saravelos pinpoints Chinese "Quantitative Tightening" as the key factor to watch. 

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