Mystery of China’s Huge Dollar Surplus Baffles World Markets

(Bloomberg) — Unprecedented trade surpluses and record inflows into its bond market are giving China a stockpile of dollars unseen since the days when the ‘Asian savings glut’ was blamed for keeping U.S. interest rates excessively low and fueling the sub-prime mortgage crisis.

Most Read from Bloomberg

But unlike then, when China aggressively recycled its dollar holdings into U.S. Treasuries, China’s giant pile of foreign exchange reserves are holding broadly stable. That means the…


Source link

About search

Check Also

Don't forget the tragedy at the heart of this year's PGA Championship – Yahoo Sports

Don't forget the tragedy at the heart of this year's PGA Championship – Yahoo Sports

[unable to retrieve full-text content]Don’t forget the tragedy at the heart of this year’s PGA …

Leave a Reply

Your email address will not be published. Required fields are marked *