Yuan speculator says China reserves could drop $200 billion in January

``The monthly fall in China's hard currency reserves could almost double to around $200 billion in January, bringing Beijing closer to a deeper devaluation of the yuan, one of the western hedge funds betting big against the currency said on Monday... Omni Macro Fund Chief Strategist Chris Morrison said a change in how The People's Bank of China intervenes on the offshore market in the yuan would help push that figure sharply higher this month.'' -- See also The race to get money out of China (VIDEO).