@uliamensikova636
Some investors are overestimating the stockpile of Chinese money that could be converted back into yuan, as firms may not yet be ready to abandon dollar holdings, according to Goldman Sachs Group Inc.
US assets remain attractive to Chinese firms, given the still-large interest rate differentials between the two countries and weak domestic sentiment, analysts including Xinquan Chen wrote in a note Friday. The team calculated that around $400 billion has been hoarded by exporters from mid-2022, a figure below some market estimates.
0 reply
0 recast
0 reaction