Business
China’s banks are bursting with US dollars, and that’s a problem – Sydney Morning Herald
A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it…
State restraint
The central banks stance marked a shift towards confronting a trend that gathered steam while the bank had, publicly at least, kept to the sidelines.
Since 2017, the PBOC has largely left the yuan to market forces, keeping its currency reserves…
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