Bancos de China están llenos a rebosar de dólares, y eso es preocupante gestion.pe - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gestion.pe Daily Mail and Mail on Sunday newspapers.
China’s banks are bursting with dollars, and that’s a worry
A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan.
Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China’s banks leapt above $1 trillion for the first time in April, official data shows
A previous jump, late in 2017, preceded heavy dollar selling which turbocharged a steep yuan rally in early 2018.
Market participants say the size of the even bigger hoard this time raises that risk, and leaves policymakers’ efforts to restrain the yuan vulnerable to the whims of the exporters and foreign investors who own the cash.
SHANGHAI, June 2 A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan. Boosted by surging export receipts and investment flows, the value of foreign cash.
Publishing date: Jun 01, 2021 • 1 hour ago • 4 minute read •
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SHANGHAI/SINGAPORE A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan.
Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China’s banks leapt above $1 trillion for the first time in April, official data shows
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A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan.