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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.
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) - A mountain of dollars on deposit in China has grown so large that banks are struggling .