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Amid escalating trade tensions with the United States, Chinese companies are increasingly stockpiling U.S. dollars while pricing contracts in yuan to mitigate currency risks. This strategy is aimed at protecting against potential fluctuations in foreign exchange rates that could arise from the ongoing trade disputes. Reports indicate that these firms are also opening new import lines as part of their risk management efforts. In a related development, China has expressed a willingness to engage in discussions with the U.S. to advance bilateral trade, leveraging its substantial holdings of U.S. debt to influence the renminbi (RMB) exchange rate.
China says it is willing to talk with US to push forward bilateral trade - Reuters https://t.co/oAHr6PlGeY Beijing uses its holdings of U.S. debt to manage the RMB exchange rate. What impact has this had on China’s economy? https://t.co/xYhnsJTyKL
"Chinese firms are squirreling away even more dollars, pricing contracts in yuan & opening import lines to mitigate currency risks as trade tensions threaten to roil foreign exchange rates" https://t.co/jeAIfK2m98
Chinese firms are squirreling away even more dollars, pricing contracts in yuan and opening import lines to mitigate currency risks as trade tensions threaten to roil foreign exchange rates. https://t.co/1PknqDSAhI
