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…
China’s Banks Are Bursting With Dollars, and That’s a Worry
June 2, 2021
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Analysis: China’s Banks Are Bursting With Dollars, and That’s a Worry
June 2, 2021
admin
ChinaChina Business & EconomyChina-US Newseconomyexportersforeign investorsInternationalPeople’s Bank of ChinaUSUS NewsWorld
0 Comment
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…
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