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Is China’s concern over a possible US dollar shortage risk forcing companies to sell overseas assets?

By OccasionalCortex following x   2019 Jun 19, 3:36pm 256 views   2 comments   watch   nsfw   quote     share    


China’s need for US dollars to repay debts, pay for imports and fund Belt and Road initiative projects may exceed its US$3.1 trillion in foreign exchange reserves

Foreign financial institutions increasingly reluctant to lend US dollars to Chinese banks given worries about financial risks amid the trade war
China holding onto US dollars by increasingly restricting business and individual transfers out of the country

Anbang Insurance Group, Dalian Wanda Group and HNA Group have all been pressured to sell assets amid the trade war with the United States

https://www.scmp.com/economy/china-economy/article/3015049/chinas-concern-over-possible-us-dollar-shortage-risk-forcing

#MAGAKicksAss

2   Misc   ignore (0)   2019 Jun 20, 10:11pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

A trillion dollars just doesn't go as far as it used to. If the nominal dollar value of the assets in your country is about $100 trillion and a small percentage wants out, there goes your dollar reserves trying to prop up your currency.

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