China has the world’s largest foreign exchange reserves, but some have argued Beijing needs to reduce its size, while others believe having a sizeable holding remains important.
A prominent Chinese economist has flagged two key risks that could keep pressure on the yuan: weaker-than-expected fiscal expansion and a further contraction in the property market.
In a war with the U.S. over
Taiwan, China would need to create a global network of companies
under U.S. sanctions, seize American assets within its borders,
and issue gold-denominated bonds, according. -October 19, 2023 at 10:00 pm EDT
- MarketScreener
BEIJING In a war with the US over Taiwan, China would need to create a global network of companies under US sanctions, seize American assets within its borders, and issue gold-denominated bonds, according to Chinese government-affiliated researchers studying the Western response to Russia after its invasion of Ukraine. The sanctions against Moscow have prompted hundreds of Chinese economists, financiers,.