scorecardChina previously relied on influxes of foreign currency to provide liquidity in its banking system. But this year, that flow reversed as the US Fed began raising interest rates and China began suddenly losing its foreign currency reserves. As China's debt reaches its highest point, it is suddenly less able to pay it off.
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  3. CHINA'S $28 TRILLION PROBLEM: 'The dark side of Asia's debt'
  4. China previously relied on influxes of foreign currency to provide liquidity in its banking system. But this year, that flow reversed as the US Fed began raising interest rates and China began suddenly losing its foreign currency reserves. As China's debt reaches its highest point, it is suddenly less able to pay it off.

China previously relied on influxes of foreign currency to provide liquidity in its banking system. But this year, that flow reversed as the US Fed began raising interest rates and China began suddenly losing its foreign currency reserves. As China's debt reaches its highest point, it is suddenly less able to pay it off.

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